Kimco Realty Adds to Anchor Lineup at Mill Station Signature Series Development
June 04 2018 - 08:00AM
Business Wire
- Lowe’s Home Improvement, Marshalls,
HomeSense, Burlington and Five Below Will Join Costco and AMC
Theatre -
- Project Now Over 75% Preleased -
Kimco Realty Corp. (NYSE:KIM) announced today that Lowe’s Home
Improvement, Marshalls, TJX’s new HomeSense concept, Burlington and
Five Below will join the tenant lineup at Mill Station, the
company’s $108 million Signature Series development on the site of
the former Owings Mills Mall in Baltimore County, Maryland. With
these newly announced retailers, in addition to Costco and AMC
Theatre, the project is now over 75% preleased, and construction
has commenced. Costco is on track to open later this year, with the
remainder of the announced retailers anticipated to open throughout
the first half of 2019.
The approximately 620,000-square-foot Mill Station development
will feature up to 30 retailers and restaurants in a modern, open
layout with green space and a network of walkways connecting to
existing office and retail space. Situated directly off I-795 and
adjacent to the Owings Mills Station stop on Baltimore’s Metro
SubwayLink, the shopping center will serve a population of 167,000
in the surrounding five-mile area, with an average household income
of approximately $95,000.
“The strong preleasing activity at Mill Station underscores the
strength of demand for well-located real estate,” said Conor Flynn,
Kimco’s Chief Executive Officer. “We remain committed to our 2020
Vision as we focus on unlocking the embedded value of our real
estate by delivering our targeted development and redevelopment
projects. Kimco’s high-quality assets in top locations continue to
attract retailers in high-growth categories such as off-price and
home improvement.”
“We’re incredibly excited to have secured this wave of
additional high-impact retailers at Mill Station,” said David
Jamieson, Kimco’s Chief Operating Officer. “We are making great
progress in assembling a complementary mix of national and local
brands to provide the best in shopping, dining and entertainment
for Owings Mills residents and visitors.”
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 March 31, 2018, the company owned interests
in 475 U.S. shopping centers comprising 81 million square feet of
leasable space primarily concentrated in the top major metropolitan
markets. 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 60 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: https://www.businesswire.com/news/home/20180604005158/en/
Kimco Realty Corp.Jennifer Maisch, 516-869-7224Director,
Corporate Communicationsjmaisch@kimcorealty.com
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