Kite Realty Group Trust Announces the Opening of Marshalls and Execution of an Aldi Ground Lease at Bolton Plaza
INDIANAPOLIS--(BUSINESS WIRE)-- Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced today that Marshalls has opened at its Bolton Plaza property.
Bolton Plaza is a part of the Company’s Redevelopment, Repurpose and Reposition ("3-R") initiative and is located in Orange Park, FL, a suburb of Jacksonville. The 22,000 square-foot Marshalls joins several existing anchors, including L.A. Fitness and Academy Sports. The Company has also executed a ground lease with Aldi for an additional 19,842 square feet. Construction on the pad is set to begin during the first half of 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, EVP & CFO, 317-577-5609
Source: Kite Realty Group Trust