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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170214005464/en/
Kite Realty Group Trust
Dan Sink, 317-577-5609
EVP & CFO
dsink@kiterealty.com
Source: Kite Realty Group Trust