Eric and Lori Lochtefeld announced that they have successfully closed escrow and are the proud new owners of the historic Golden State Theatre in downtown Monterey. The couple entered escrow the buy the theatre in May from previous owner Warren Dewey. The downtown Monterey property includes a 1000 seat theatre, 6000 square feet of additional event/exhibit space and five storefronts currently occupied by three restaurants and two retail stores.
In 2010, the Lochtefeld’s bought their first historic theatre in downtown Redwood City, the Fox Theatre, and have been a driving force behind the revitalization of that now booming City. They plan to tap their experience to expand upon the rich tradition of live entertainment in Monterey, utilizing the venue for live music, comedy shows, theatrical performances, film festivals, lecture series, and private events.