Kimco Realty Signs Target at Westmont Plaza
July 12 2017 - 09:20AM
Business Wire
The addition of the brand’s small-format
concept will spark a transformative repositioning of this New
Jersey shopping center
Kimco Realty Corp. (NYSE: KIM) announced that it has signed a
lease with Target for a 48,000-square-foot, small-format store at
Westmont Plaza in Haddon Township, New Jersey, set to open in July
2018. The addition of Target is the first step in a larger
repositioning of the 173,000-square-foot, open-air center.
“The addition of Target opens the door for some exciting changes
that will significantly enhance the retail and service offerings
available in Haddon Township,” said David Jamieson, Executive Vice
President and Chief Operating Officer of Kimco Realty. “Quality
attracts quality, and we’ve seen that time and time again across
our portfolio as we redevelop assets and execute on our 2020
Vision. Residents can look forward to additional changes in the
near future, with Target setting the tone for Westmont Plaza’s
revitalization.”
The Westmont Target, which is the brand’s third small-format
store in the state of New Jersey, will provide residents with a
quick-trip shopping experience featuring Target’s curated
assortment of apparel and accessories, grocery and grab-and-go
items, beauty products, electronics, toys, and more. The store will
also offer a CVS Pharmacy and Target’s Order Pickup service for
added convenience.
“We’re thrilled to bring the convenience of Target and its
robust assortment of offerings to the residents of Haddon
Township,” said Tom Simmons, President of Kimco’s Mid-Atlantic
Region. “This addition is the perfect fit for the community, and we
look forward to providing more best-in-class brands that will
transform the shopping experience at Westmont Plaza.”
About Kimco
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust
(REIT) headquartered in New Hyde Park, N.Y., that is one of North
America’s largest publicly traded owners and operators of open-air
shopping centers. As of June 30, 2017, the company owned interests
in 510 U.S. shopping centers comprising 84 million square feet of
leasable space across 32 states and Puerto Rico. Publicly traded on
the NYSE since 1991, and included in the S&P 500 Index, the
company has specialized in shopping center acquisitions,
development and management for more than 50 years. For further
information, please visit www.kimcorealty.com, the company’s blog
at blog.kimcorealty.com, or follow Kimco on Twitter at
www.twitter.com/kimcorealty.
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version on businesswire.com: http://www.businesswire.com/news/home/20170712005731/en/
Kimco Realty Corp.Jennifer Maisch, 516-869-7224Director,
Corporate Communicationsjmaisch@kimcorealty.com
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