Photo courtesy of Atlantic Capital Partners

A developer active in major South Boston projects is the new owner of a recently closed multiplex cinema property in Randolph.

A real estate entity registered to Core Investments’ David Pogorelc acquired the former Showcase Cinema de Lux site near Route 24 for $9 million.

The 13-acre property includes the 112,265 square-foot theater complex, which permanently closed last month.

Atlantic Capital Partners represented the seller, an affiliate of National Amusements, and procured the buyer.

The 16-screen, 2,240-capacity cinema complex opened in 1998. In marketing the property to prospective buyers, Atlantic Capital Partners touted its location as suitable for redevelopment as alternate uses.

“The site features tremendous infrastructure and access to the communities south of Boston, which will present the buyer with optionality on how they elect to reenvision the site, should they elect to forego the option of simply re-leasing the cinema to another operator,” Atlantic Capital Partners Head of Capital Markets Justin Smith said in a statement.

A message was left with Core Investments seeking comment on its plans. 

Porgorelc’s Core Investments has been active in South Boston development for the past decade, partnering with Samuels & Associates on the Washington Village apartment complex.

In 2023, Core Investments received approval for the 12-building On the Dot project on Dorchester Avenue, which would include 3.8 million square feet of new development including 1,460 housing units on a vacant former industrial site near the MBTA’s Andrew station. The developer is partnering with Chicago-based Sterling Bay but has not begun construction.