Retail Properties of America, Inc. Leases with Total Wine & More
OAK BROOK, Ill.--(BUSINESS WIRE)-- Retail Properties of America, Inc. (NYSE: RPAI) announced today that Total Wine & More signed a 22,631-square-foot lease at Northpointe Plaza in Spokane, WA. The lease was signed on behalf of Inland Western Spokane Northpointe LLC, a subsidiary of RPAI.
We are extremely pleased that Total Wine & More will make their introduction into the Spokane market at Northpointe Plaza as part of the passage of Initiative 1183 which privatizes liquor sales, said John Reynolds, assistant vice president/asset manager for RPAI. Total Wine & More will enhance our tenant mix and leasing profile for the center, he added.
Total Wine & More is Americas Wine Superstore®the countrys largest independent retailer of fine wine with more than 8,000 different wines from every wine-producing region in the world. In addition to a world-class selection of fine wines, the typical Total Wine & More also carries more than 2,500 beers, from Americas most popular beers to hard-to-find microbrews and imports, and more than 3,000 different spirits from every price range and category.
Northpointe Plaza is a busy power center located on Newport Highway at East Hawthorne Road in Spokane, WA, with convenient access from north and south by US Route 2 and SR 395. The center is anchored by Target and Safeway with many additional national retailers and restaurants including Best Buy, Sports Authority (TSA), Applebee's and Red Robin.
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 company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI. Additional information about the company is available at www.rpai.com.
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