Kite Realty Group Trust Announces New Lease with Morton’s The Steakhouse at City Center
February 14 2017 - 6:00AM
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 TrustDan Sink, 317-577-5609EVP &
CFOdsink@kiterealty.com
Kite Realty (NYSE:KRG)
Historical Stock Chart
From Apr 2024 to May 2024
Kite Realty (NYSE:KRG)
Historical Stock Chart
From May 2023 to May 2024