Alexander's Leases 112,500 Square Feet to IKEA at its Rego Park I Shopping Center
September 24 2019 - 4:39PM
ALEXANDER’S, INC. (New York Stock Exchange: ALX) announced today
that it has completed a 10-year lease with IKEA for 112,500 square
feet at its Rego Park I shopping center located on Queens Boulevard
and 63rd Road in Queens, New York. The IKEA store will be the first
U.S. location for IKEA’s new, urban format and replaces a
significant portion of the space formerly occupied by Sears.
Alexander’s, Inc. is a real estate investment
trust that has seven properties in the greater New York City
metropolitan area.
CONTACT:MATTHEW IOCCO(201)
587-8541
Certain statements contained herein may
constitute “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. For a discussion of factors that could materially
affect the outcome of our forward-looking statements and our future
results and financial condition, see "Risk Factors" in Part I, Item
1A, of our Annual Report on Form 10-K for the year ended December
31, 2018. Such factors include, among others, risks
associated with the timing of and costs associated with property
improvements, financing commitments, the financial condition of our
tenants and general competitive factors.
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