Kite Realty Group Trust Announces the Opening of Marshalls and Execution of an Aldi Ground Lease at Bolton Plaza
March 16 2017 - 4:17PM
Business Wire
Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced
today that Marshalls has opened at its Bolton Plaza property.
Bolton Plaza is a part of the Company’s Redevelopment, Repurpose
and Reposition ("3-R") initiative and is located in Orange Park,
FL, a suburb of Jacksonville. The 22,000 square-foot Marshalls
joins several existing anchors, including L.A. Fitness and Academy
Sports. The Company has also executed a ground lease with Aldi for
an additional 19,842 square feet. Construction on the pad is set to
begin during the first half of 2017.
About Kite Realty Group
Trust
Kite Realty Group Trust is a full-service, vertically integrated
real estate investment trust engaged in the ownership, operation,
management, leasing, acquisition, construction, redevelopment and
development of neighborhood and community shopping centers in
selected markets in the United States. As of December 31, 2016, the
Company owned interests in a portfolio of 121 operating,
development and redevelopment properties totaling approximately 24
million total square feet across 20 states. For more information,
please visit the Company’s website at www.kiterealty.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170316006021/en/
Kite Realty Group TrustDan Sink, EVP & CFO,
317-577-5609dsink@kiterealty.com
Kite Realty (NYSE:KRG)
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