Local Food Purveyors Taquero and #Fryways to Join Culinary Lineup at Polaris Fashion Place
October 23 2019 - 7:00AM
Washington Prime Group Inc. (NYSE: WPG) today announced two local
favorites – Taquero Mad Street Food and #Fryways – will be the
first operators as part of the new KTCHN food venue at Polaris
Fashion Place®, the premier lifestyle destination in Columbus,
Ohio. Taquero and #Fryways are expected to begin serving guests at
KTCHN by the end of November.
Lou Conforti, CEO and Director of Washington
Prime Group stated: “Tacos and French fries. Enough said.”
Taquero was born out of love for vibrancy and
freshness of real ingredients while looking at street stands,
markets and fondas of Mexico for inspiration, and the amazing
cuisine techniques used by Mexican taqueros. Taquero has worked
hard to match the flavors of Mexico with ingredients the food
purveyor can get hold of to create a constantly evolving menu with
ingredients sourced as locally as possible. Taquero currently
operates locations at Columbus Commons and Short North Food Hall.
To learn more, follow @taqueromadstreetfood on Facebook.
#Fryways began as a food truck serving up
delicious loaded, gourmet French fries. Its new indoor location at
KTCHN will combine customer favorites so that guests ‘come with
love, eat with love, fall in love, leave in love’. In addition to
its food truck and soon-to-open location at Polaris, #Fryways
operates at the Jerome Schottenstein Center located on the campus
of The Ohio State University. Learn more at
www.lovefryways.com.
Local food truck operators, food purveyors
selling their goods at Columbus-area festivals and markets, or a
completely new concept – these are the businesses Polaris Fashion
Place is looking to attract to its new KTCHN venue. These new local
tenants will benefit from a team of leasing and marketing
professionals dedicated to their success. Following the incubation
period, the Company will work with each food purveyor to consider
potentially relocating them on a more permanent basis.
As previously announced, KTCHN will occupy newly
created space at Polaris Fashion Place adjacent to the existing
food hall. A planned renovation for the food hall will include
aesthetic upgrades, new seating and flooring, communal gathering
areas and a different overall flow to the space. The new
look-and-feel will encourage guests to hang out and extend their
visit.
About Washington Prime
GroupWashington Prime Group Inc. is a retail REIT and a
recognized leader in the ownership, management, acquisition and
development of retail properties. The Company combines a national
real estate portfolio with its expertise across the entire shopping
center sector to increase cash flow through rigorous management of
assets and provide new opportunities to retailers looking for
growth throughout the U.S. Washington Prime Group® and Polaris
Fashion Place® are registered trademarks of the Company. Learn more
at www.washingtonprime.com.
ContactsLisa A. Indest, CAO
& EVP, Finance, 614.887.5844 or lisa.indest@washingtonprime.com
Kimberly A. Green, VP, Investor Relations & Corporate
Communications, 614.887.5647 or kim.green@washingtonprime.com
Forward-Looking StatementsThis
news release contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995
which represent the current expectations and beliefs of management
of Washington Prime Inc. (“WPG”) concerning the proposed
transactions, the anticipated consequences and benefits of the
transactions and the targeted close date for the transactions, and
other future events and their potential effects on WPG, including,
but not limited to, statements relating to anticipated financial
and operating results, the company’s plans, objectives,
expectations and intentions, cost savings and other statements,
including words such as “anticipate,” “believe,” “plan,”
“estimate,” “expect,” “intend,” “will,” “should,” “may,” and other
similar expressions. Such statements are based upon the
current beliefs and expectations of WPG’s management, and involve
known and unknown risks, uncertainties, and other factors which may
cause the actual results, performance, or achievements of WPG to be
materially different from future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, without limitation: changes
in asset quality and credit risk; ability to sustain revenue and
earnings growth; changes in political, economic or market
conditions generally and the real estate and capital markets
specifically; the impact of increased competition; the availability
of capital and financing; tenant or joint venture partner(s)
bankruptcies; the failure to increase mall store occupancy and
same-mall operating income; risks associated with the acquisition,
(re)development, expansion, leasing and management of properties;
changes in market rental rates; trends in the retail industry;
relationships with anchor tenants; risks relating to joint venture
properties; costs of common area maintenance; competitive market
forces; the level and volatility of interest rates; the rate of
revenue increases as compared to expense increases; the financial
stability of tenants within the retail industry; the restrictions
in current financing arrangements or the failure to comply with
such arrangements; the liquidity of real estate investments; the
impact of changes to tax legislation and WPG’s tax positions;
failure to qualify as a real estate investment trust; the failure
to refinance debt at favorable terms and conditions; loss of key
personnel; material changes in the dividend rates on securities or
the ability to pay dividends on common shares or other securities;
possible restrictions on the ability to operate or dispose of any
partially-owned properties; the failure to achieve earnings/funds
from operations targets or estimates; the failure to achieve
projected returns or yields on (re)development and investment
properties (including joint ventures); expected gains on debt
extinguishment; changes in generally accepted accounting principles
or interpretations thereof; terrorist activities and international
hostilities; the unfavorable resolution of legal proceedings; the
impact of future acquisitions and divestitures; assets that may be
subject to impairment charges; significant costs related to
environmental issues; and other risks and uncertainties, including
those detailed from time to time in WPG’s statements and periodic
reports filed with the Securities and Exchange Commission,
including those described under “Risk Factors”. The
forward-looking statements in this communication are qualified by
these risk factors. Each statement speaks only as of the date of
this press release and WPG undertakes no obligation to update or
revise any forward-looking statements to reflect subsequent events
or circumstances. Actual results may differ materially from
current projections, expectations, and plans, if any.
Investors, potential investors and others should give careful
consideration to these risks and uncertainties.
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