Kite Realty Group Trust Announces New Lease with Hobby Lobby and the Opening of Stein Mart at Parkside Town Commons
April 04 2017 - 7:30AM
Business Wire
Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced
today that it has signed a lease with Hobby Lobby and opened a new
Stein Mart at its Parkside Town Commons location near Raleigh,
North Carolina.
Parkside Town Commons is a two-phase ground-up development
project serving the Research Triangle Park area and located at the
intersection of North Carolina Highway 55 and Interstate 540. The
50,000-square foot Hobby Lobby and 32,000-square foot Stein Mart
join several existing anchors, including Target, Harris Teeter,
Frank Theatres CineBowl & Grille, Petco, Golf Galaxy, and
Guitar Center. The signing of Hobby Lobby puts the second phase of
this project at 90% leased.
About Kite Realty Group
Trust
Kite Realty Group Trust is a full-service, vertically integrated
real estate investment trust engaged in the ownership, operation,
management, leasing, acquisition, construction, redevelopment and
development of neighborhood and community shopping centers in
selected markets in the United States. As of December 31, 2016, the
Company owned interests in a portfolio of 121 operating,
development and redevelopment properties totaling approximately 24
million total square feet across 20 states. For more information,
please visit the Company’s website at www.kiterealty.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170404005491/en/
Kite Realty Group TrustDan Sink, EVP & CFO,
317-577-5609dsink@kiterealty.com
Kite Realty (NYSE:KRG)
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