Kimco Realty Strengthens Mill Station Anchor Lineup with Addition of Giant Food
September 27 2018 - 7:30AM
Business Wire
Top-tier grocer brings the Signature Series
development to approximately 90% leased
Newly unveiled outdoor renderings showcase
pedestrian-friendly design and inviting community gathering
space
Kimco Realty Corp. (NYSE:KIM) announced today that Giant Food, a
subsidiary of Ahold Delhaize USA, will occupy 66,450 square feet at
Mill Station, the company’s $108 million Signature Series
development in Baltimore County, Maryland, on the site of the
former Owings Mills Mall. Giant, a preeminent grocery banner in the
Mid-Atlantic region, will join previously announced anchors
including Lowe’s Home Improvement, Marshalls, HomeSense,
Burlington, Five Below, AMC Theatre and Costco, which is set to
open next month. With the addition of Giant, the
621,000-square-foot open-air shopping and lifestyle destination is
now approximately 90% leased.
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Mill Station's Courtyard will be an
inviting community gathering space with a modern,
pedestrian-friendly design, surrounded by 45,000 square feet of
retail.
“The tenant lineup taking shape at Mill Station has all the
necessary elements for a successful open-air shopping destination:
everyday goods and services, popular treasure-hunt and bargain
retailers, and exciting entertainment and dining options,” said
David Jamieson, Kimco’s Chief Operating Officer. “We continue to
see strong retailer demand across multiple categories, reinforcing
the guiding philosophy of our 2020 Vision strategy – that there
will always be demand for high-quality real estate.”
Kimco also unveiled final architectural renderings for Mill
Station’s Courtyard, where 45,000 square feet of retail will
surround a four-season landscaped lawn and outdoor gathering space.
The Courtyard’s modern design will offer an inviting impression not
only from the bordering retail, but also from the surrounding
office buildings, whose tenants will be able to walk to the
Courtyard along Mill Station’s new pedestrian systems, creating a
campus-like setting.
“The Courtyard is central to our vision for Mill Station as a
true lifestyle destination,” said Tom Simmons, President of Kimco’s
Mid-Atlantic Region. “This space has endless potential for
programming and events that will draw in shoppers and visitors, and
we’re confident it will rival any community gathering space in
Baltimore County.”
Upon completion, Mill Station will house up to 30 tenants, with
a mix of national, regional and local retailers and restaurants
arranged in a modern, open layout incorporating green space and a
network of walkways connecting to existing office and retail. The
center will serve a population of 167,000 in the surrounding
five-mile radius, with an average household income of approximately
$95,000. The project enjoys direct access to I-795 and sits
adjacent to the Owings Mills Station stop on Baltimore’s Metro
SubwayLink. Retailer openings will commence this fall with Costco
and continue through 2019.
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 June 30, 2018, the company owned interests
in 460 U.S. shopping centers comprising 79 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.
The company announces material information to its investors
using the company’s investor relations website
(investors.kimcorealty.com), SEC filings, press releases, public
conference calls, and webcasts. The company also uses social media
to communicate with its investors and the public, and the
information the company posts on social media may be deemed
material information. Therefore, the company encourages investors,
the media, and others interested in the company to review the
information that it posts on the company’s blog
(blog.kimcorealty.com) and social media channels, including
Facebook (www.facebook.com/kimcorealty), Twitter
(www.twitter.com/kimcorealty), YouTube
(www.youtube.com/kimcorealty) and LinkedIn
(www.linkedin.com/company/kimco-realty-corporation). The list of
social media channels that the company uses may be updated on its
investor relations website from time to time.
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Kimco Realty Corp.Jennifer Maisch, 516-869-7224Director,
Corporate Communicationsjmaisch@kimcorealty.com
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