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Kite Realty Group Trust Announces New Lease with Morton’s The Steakhouse at City Center

Company Release - 2/14/2017 7:00 AM ET

INDIANAPOLIS--(BUSINESS WIRE)-- Kite Realty Group Trust (NYSE:KRG) (the “Company”) announced today that it has signed a lease with Morton’s The Steakhouse at its City Center location in White Plains, New York.

City Center is a mixed-use development with several national retailers, a state-of-the-art movie theatre, and two adjacent 35-story apartment and condominium towers located 25 miles north of Manhattan. The property is a part of the Company’s Redevelopment, Repurpose and Reposition ("3-R") initiative. It is currently anchored by Target, Nordstrom Rack, Cinema de Lux, Barnes & Noble, ShopRite, Toys”R”Us/Babies”R”Us and New York Sports Club. The Company recently completed a dramatic multimillion-dollar redevelopment of the center including a new escalator, local art installations, and a new branding/wayfinding program. Public valet parking will also be added soon as one of the convenient amenities for shoppers. The mid-2017 scheduled opening of Morton’s will add 8,000 square feet of upscale dining to the urban, multi-level center. Additionally, the Company has recently signed a lease with Blaze Pizza scheduled to open fall 2017.

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.

Kite Realty Group Trust
Dan Sink, 317-577-5609
EVP & CFO
dsink@kiterealty.com

Source: Kite Realty Group Trust

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