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Ioka Theatre, Exeter, New Hampshire Gets New Owner

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  • hawaiiguy123155
    EXETER - The Ioka Theater has a new owner but his identity is being withheld temporarily. Mary Bolduc, co-owner of Country Crossings Property Brokerage, LLC,
    Message 1 of 1 , Jan 16, 2004
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      EXETER - The Ioka Theater has a new owner but his identity is being
      withheld temporarily.

      Mary Bolduc, co-owner of Country Crossings Property Brokerage, LLC,
      which listed the theater, confirmed that a man from Exeter has
      purchased the historic downtown theater. The new owner wishes to
      remain anonymous at this time, but has lived in Exeter his whole life
      and plans to keep the theater intact.

      "He's lived in Exeter, and it was a place he used to go and he really
      had a vision for the place," Bolduc said. "It was very much a
      privilege to list it and sell it."

      The owner's identity has not yet been listed with the Rockingham
      County Registry of Deeds.

      The new owner will take over operations of the Ioka almost
      immediately, Bolduc said.

      "It's going to be kept very much the same with some improvements,"
      she said. "You'll feel some new things happening."

      The Ioka went up for sale in May 2003 with a price tag of $999,000.
      The sale was finalized Wednesday, Jan. 14, through Ocean National
      Bank with a price of $750,000.

      In October, a deal to sell the theater to a group of locals who
      planned to convert it into a dinner-style movie theater and
      microbrewery fell through.

      Since then, former owner Jim Blanco has been mum on the theater's
      future or whether there were any interested buyers. Blanco did not
      return a phone call seeking comment Thursday.

      The theater now includes two screens, with a smaller screen
      downstairs in what has been converted into an upscale nightclub known
      as Club Ioka.

      The historic theater has operated since 1915, and has a main theater
      with a balcony and 420 seats. Club Ioka has a full bar, movie screen
      and seating for 100.
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