BEACHWOOD, Ohio, April 24, 2014 /PRNewswire/ -- DDR Corp. (NYSE:
DDR) is pleased to announce the installation of the third Tesla
Supercharger station in the Company's portfolio. The new
Supercharger station is located at Hamilton Marketplace in
Hamilton, NJ and represents the
third state where a flagship Supercharger station has been
activated at a DDR shopping center, following Virginia and Ohio. Based on current conversations, the
relationship could expand to several more locations across the
country by year-end.
(Photo: http://photos.prnewswire.com/prnh/20140423/77663)
(Logo: http://photos.prnewswire.com/prnh/20131217/DDRLOGO)
"We are very proud of our relationship with Tesla and look
forward to expanding our involvement across the country as Tesla
seeks to broaden its charging network," commented Joe Tichar, senior vice president of corporate
operations for DDR. "DDR shopping centers thrive on offering value
and convenience to the consumer. Our retail partners provide the
outstanding value through their merchandise offerings while Tesla
validates the convenience of our prime locations by positioning
charging stations that are carefully selected to meet their owners'
needs."
Hamilton Marketplace is a 1-million-square-foot power center
located along Interstate 195 and U.S. 130 in Hamilton, NJ. The shopping center is
100% leased and anchored by national retailers including Walmart,
Kohl's, BJ's, Lowe's, Ross Dress for
Less, Bed Bath & Beyond, PetSmart, Michaels, Old Navy, and Pier
1 Imports and features several restaurants including Chick-fil-A,
Panera, Red Robin, Cracker Barrel, Longhorn Steakhouse, Ruby
Tuesday and Chili's.
Tesla Superchargers allow Model S owners to recharge their
vehicles free of charge while traveling between cities along major
highways in North America.
Supercharger stations are strategically placed to enable owners to
drive from station to station with minimal stops, and are
conveniently located near amenities including roadside diners,
cafes, and shopping centers.
In addition to the Tesla Superchargers, DDR has also installed
four Volta charging stations in Arizona that accommodate a variety of electric
vehicles from various manufacturers.
About DDR Corp.
DDR is an owner and manager of 406
value-oriented shopping centers representing 113 million square
feet in 39 states, Puerto Rico and
Brazil. The Company's assets are
concentrated in high barrier-to-entry markets with stable
populations and high growth potential and its portfolio is actively
managed to create long-term shareholder value. DDR is a
self-administered and self-managed REIT operating as a fully
integrated real estate company, and is publicly traded on the New
York Stock Exchange under the ticker symbol DDR. Additional
information about the company is available at www.ddr.com, as well
as on Twitter, LinkedIn and Facebook.
About Tesla
Tesla Motors' (NASDAQ: TSLA) goal is to
accelerate the world's transition to electric mobility with a full
range of increasingly affordable electric cars. California-based Tesla designs and
manufactures EVs, as well as EV powertrain components for industry
partners.
Safe Harbor
DDR considers portions of the information
in this press release to be forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934, both as amended, with
respect to the Company's expectation for future periods. Although
the Company believes that the expectations reflected in such
forward-looking statements are based upon reasonable assumptions,
it can give no assurance that its expectations will be achieved.
For this purpose, any statements contained herein that are not
historical fact may be deemed to be forward-looking statements.
There are a number of important factors that could cause our
results to differ materially from those indicated by such
forward-looking statements, including, among other factors, local
conditions such as supply of space or a reduction in demand for
real estate in the area; competition from other available space;
dependence on rental income from real property; the loss of,
significant downsizing of or bankruptcy of a major tenant;
constructing properties or expansions that produce a desired yield
on investment; our ability to buy or sell assets on commercially
reasonable terms; our ability to complete acquisitions or
dispositions of assets under contract; our ability to secure equity
or debt financing on commercially acceptable terms or at all; our
ability to enter into definitive agreements with regard to our
financing and joint venture arrangements or our failure to satisfy
conditions to the completion of these arrangements; and the success
of our capital recycling strategy. For additional factors that
could cause the results of the Company to differ materially from
those indicated in the forward-looking statements, please refer to
the Company's Form 10-K for the year ended December 31, 2013, as amended. The Company
undertakes no obligation to publicly revise these forward-looking
statements to reflect events or circumstances that arise after the
date hereof.
SOURCE DDR Corp.