BEACHWOOD, Ohio, Aug. 31 /PRNewswire/ -- Developers Diversified
Realty Corporation (NYSE: DDR) today announced that Walmart, Hobby
Lobby, Five Below, Dots and rue21 are among the retailers opening
and expanding at Macedonia Commons, a 543,987 square-foot community
center located in Cleveland,
Ohio.
Walmart is expanding from a 121,000 square-foot store to a
167,000 square-foot store which will feature a full line of
groceries. Leading specialty and fashion retailer, rue21, is
expanding from a 3,700 square-foot store to a 4,900 square-foot
store. Both store expansions are expected to be completed later
this year.
Recent openings at Macedonia Commons include a 54,000
square-foot Hobby Lobby, an arts, crafts, and home decor retailer;
and an 8,000 square-foot Five Below, a leading retailer of
trend-right and extreme-value merchandise for teens and
pre-teens.
Dots, an affordable woman's clothing and accessories retailer,
will open a 5,000 square-foot store early in 2011.
In addition to the new and expanded stores, Macedonia Commons
currently features Home Depot, Kohl's, Cinemark, PetSmart, Champs
Sports as well as specialty stores and restaurants. The shopping
center is 97 percent leased.
"This exciting project is a good example of our commitment to
expand, renovate and remerchandise prime assets with leading
retailers that continue to grow market share despite economic
conditions," said Paul Freddo,
senior executive vice president of leasing & development for
Developers Diversified.
About Developers Diversified Realty
Developers Diversified owns and manages approximately 620 retail
operating and development properties in 42 states, Brazil, Canada and Puerto
Rico. Totaling more than 137 million square feet, the
Company's shopping center portfolio features open-air,
value-oriented neighborhood and community centers, mixed-use
centers and lifestyle centers located in prime markets with stable
populations and high-growth potential. Developers Diversified is
the largest landlord in Puerto
Rico and owns a premier portfolio of regional malls in and
around Sao Paulo, Brazil.
Developers Diversified is a self-administered and self-managed REIT
operating as a fully integrated real estate company. Additional
information about the Company is available on the Company's website
at www.ddr.com.
SOURCE Developers Diversified Realty Corporation
Copyright . 31 PR Newswire