Boca Raton theater sells for $5 million

A performance at the Wick Theatre.

A performance at the Wick Theatre.

Talk about vertical integration. Costume World, a Deerfield Beach-based seller of garb worn by theater performers, just paid $5.2 million for the 30,000-square-foot Wick Theatre & Costume Museum in Boca Raton.

The property at 7901 N. Federal Highway once was home to the Caldwell Theatre Co., but that operation lost the building to foreclosure in 2012.

Marilynn Wick, head of Costume World and the philanthropist behind the Wick Theatre, in 2013 leased the property with an option to buy. Wick said Friday that she exercised that option. Wick Theatre, a nonprofit, reported revenue of $1 million in 2013.

“I leased it and put $1.5 million into the building even before I knew I was going to buy it,” Wick said. “That’s not the best business deal you could make, but the community really got behind it.”

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