Retail Properties of America, Inc. Welcomes Ross Dress for Less® to Pine Ridge Plaza
OAK BROOK, Ill.--(BUSINESS WIRE)-- Retail Properties of America, Inc. announced today that Inland Western Lawrence, one of its wholly-owned subsidiaries, signed a lease with Ross Dress for Less to occupy a 22,000-square-foot location at Pine Ridge Plaza in Lawrence, Kan.
Ross Dress for Less (Ross), which originated in California in 1982, is the largest off-price apparel and home fashion chain in the United States with more than 1,000 locations in 30 states. Ross offers first-quality, in-season, name brand and designer apparel, accessories, footwear and home fashions for the entire family at everyday savings of 20% to 60% off department and specialty store regular prices. Visit www.rossstores.com for more information.
We are pleased to continue to partner with Ross Dress for Less as part of their expansion plans, said Maria Pope Toliopoulos, vice president and director of leasing for Retail Properties of America, Inc. Ross will be an excellent addition to Pine Ridge Plaza, and its 100 percent occupancy speaks to the high quality of this asset.
Pine Ridge Plaza is a 236,492-square-foot power center anchored by Kohls, T.J. Maxx and Bed Bath & Beyond. The center is located less than three miles from the University of Kansas.
About Retail Properties of America, Inc.
Retail Properties of America, Inc. is a fully integrated, self-administered and self-managed real estate company that owns and operates high quality, strategically-located shopping centers across 35 states. The company is one of the largest owners and operators of shopping centers in the United States.
The statements and certain other information contained in this press release, which can be identified by the use of forward-looking terminology such as may, will, expect, continue, remains, intend, aim, towards, should, prospects, could, future, potential, believes, plans, goal, initiative, likely, anticipate, and probable, or the negative thereof or other variations thereon or comparable terminology, constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. These statements should be considered as subject to the many risks and uncertainties that exist in the Companys operations and business environment. Such risks and uncertainties could cause actual results to differ materially from those projected. These uncertainties include, but are not limited to, that the closing of the aforementioned offering is subject to, among other things, standard closing conditions and customary rights of the underwriters to terminate the underwriting agreement due to any outbreak or escalation of hostilities or any change in financial markets or any calamity or crisis, either within or outside the United States, and other risks and uncertainties detailed from time to time in the Company's filings with the Securities and Exchange Commission. The Company does not undertake any duty to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Retail Properties of America, Inc.
Cherilyn Megill, (630) 645-7247
Source: Retail Properties of America, Inc.Copyright Business Wire 2012