Armada Hoffler Properties Announces New-To-Market Interactive Entertainment Concept Coming to Town Center of Virginia Beach
October 30 2019 - 4:15PM
Armada Hoffler Properties, Inc. (NYSE: AHH) announced today that
Apex Entertainment has chosen the Town Center of Virginia Beach as
the site of their first Mid-Atlantic location. Apex Entertainment
is a top tier family entertainment center with attractions that
include bowling lanes, sports simulators, virtual reality, ropes
courses, indoor go-karting, corporate function space, and more.
Apex Entertainment agreed to a long-term lease of 84,000 square
feet located at 4621 Columbus Street currently occupied by Dick’s
Sporting Goods. Redevelopment and construction will begin in
February and Apex Entertainment expects to open to the public
before the end of 2020.
“Our ability to attract Apex Entertainment, yet another new to
market tenant, gives further proof that Town Center is the premier
mixed-use destination in the region,” said Louis Haddad, President
& Chief Executive Officer of Armada Hoffler Properties. “The
expiration of the Dick’s Sporting Goods lease created an amazing
opportunity and one that we had long anticipated. Apex
Entertainment will add a unique, experiential, and innovative
concept to the already dynamic Town Center environment.”
"Apex Entertainment is excited to be coming to the Town Center
of Virginia Beach,” said Marcus Kemblowski, Chief Operating Officer
of Apex Entertainment. “With our unique concept we offer something
for all ages and every member of the family. Our mission is to
create a memorable experience for all guests and have a strong
presence within the community.”
About Armada Hoffler Properties, Inc.
Armada Hoffler Properties, Inc. (NYSE: AHH) is a
vertically-integrated, self-managed real estate investment trust
("REIT") with four decades of experience developing, building,
acquiring, and managing high-quality, institutional-grade office,
retail, and multifamily properties located primarily in the
Mid-Atlantic and Southeastern United States. In addition to
developing and building properties for its own account, the Company
also provides development and general contracting construction
services to third-party clients. Founded in 1979 by Daniel A.
Hoffler, the Company has elected to be taxed as a REIT for U.S.
federal income tax purposes.
About Apex Entertainment
Apex Entertainment is a family entertainment company that first
started in 2017 based out of Marlborough MA. Apex offers
attractions that are fun for all ages with such activities as:
Indoor Go Karting, Bowling, Laser Tag, Escape Rooms, Ropes Courses,
Arcade and Redemption, Sports Simulators, Mini Golf, Bumper Cars,
Virtual Reality, and state-of-the-art Event Meeting Space. Each
location also houses a full-service dining experience with American
Cuisine & Handcrafted cocktails where the menu boasts over 50
gluten free options along with numerous vegetarian options. Apex
Entertainment is a first class entertainment experience and
continues to develop new ways to be the industry leader in fun!
Armada Hoffler Contact: Michael P. O’Hara Armada Hoffler
Properties, Inc. Chief Financial Officer, Treasurer, and Secretary
Email: MOHara@ArmadaHoffler.com Phone: (757)
366-6684
Apex Entertainment Contact: Marcus Kemblowski Apex Entertainment
Chief Operating Officer Email:
mkemblowski@apexentertainment.com Phone: (508) 251-8666 ext.
100
Armada Hoffler Properties (NYSE:AHH)
Historical Stock Chart
From Jun 2024 to Jul 2024
Armada Hoffler Properties (NYSE:AHH)
Historical Stock Chart
From Jul 2023 to Jul 2024