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Northern Star

The Student News Site of Northern Illinois University

Northern Star

Historic Egyptian Theatre buys back adjacent properties

Courtesy of the Egyptian Theatre
The marquee for the Egyptian Theatre hangs above the sidewalk on North Second Street. The theatre’s board announced it is buying back properties it previously owned in the 1930’s adjacent to the historic building. (Courtesy of the Egyptian Theatre)

In the name of preservation the Egyptian Theatre has recently repurchased properties it owned in the 1930s.

The Egyptian Theatre is now in possession of the two nearby units, both 143 and 147 N. Second St.

The board of the Egyptian Theatre wishes to keep the businesses currently leasing in these properties.

“We have a terrific relationship with our neighbors on North Second Street and we want to see their continued success,” said Alex Nerad, Egyptian Theatre executive director.

The theater was originally built in 1929 and has been a part of the DeKalb community for almost 100 years.

Nerad also mentioned how important it was for the Egyptian Theatre to have a say in the future development of the downtown area.

The theater previously closed for 15 months in response to the COVID-19 pandemic and this purchase will aid in revenue recovery.

“This property acquisition provides yet another element to secure future growth of the theater for our community,” Nerad said.

The Egyptian Theatre is also known for being a part of the National Register of Historic Places and for hosting a varied selection of shows and performances.

Such performances include “The Rocky Horror Picture Show” and the ballet “Swan Lake”.

One tenant responded positively to the purchase.

“We have had a great working relationship with them (Egyptian Theatre) and feel reassured that they will continue to keep our block of businesses viable, accessible and thriving,” said Shawn Blobaum, a financial consultant at Thrivent.

Besides Thrivent, the other businesses located at the acquired properties include Hertz Farm Management, Helen’s Hair Designs and S.O.A.S Apparel & Design.

To learn more or see upcoming shows visit the Egyptian Theatre website.

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