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Kite Realty Group Trust Announces New Lease with Kroger Marketplace at Fishers Station

Company Release - 2/15/2017 7:00 AM ET

INDIANAPOLIS--(BUSINESS WIRE)-- Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced today that it has signed a lease with Kroger Marketplace at its Fishers Station shopping center located in Fishers, Indiana.

Fisher’s Station is a part of the Company’s Redevelopment, Repurpose and Reposition ("3-R") initiative and is situated at a highly-trafficked intersection in Fishers, located northeast of downtown Indianapolis. It will be anchored by a new 123,000 square foot Kroger Marketplace that is scheduled to commence construction in the near future. In order to accommodate the new tenant, the Company plans to demolish and relocate several existing tenants at the center. The Company has also signed two new leases with Jason’s Deli and Tequila Sunrise for an additional 10,700 square feet.

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, EVP & CFO, 317-577-5609
dsink@kiterealty.com

Source: Kite Realty Group Trust

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