OAK BROOK, Ill., May 9, 2016 /PRNewswire/ --Retail Properties
of America, Inc. (NYSE: RPAI) (or the "Company")
announced today the signing of a new lease with The Wine Cellar
Group to open The Wine Cellar Outlet at Heritage Square located in
the Seattle Metropolitan Statistical Area (MSA). This is The Wine
Cellar Group's first brick and mortar location in the state of
Washington and another significant
step for RPAI in upgrading the tenancy at the shopping center. The
Wine Cellar Outlet will join The Corner Bakery Café, another
first-to-market retailer previously announced last summer. The new
location will be approximately 1,600 square feet and is expected to
open in late 2016.
![RPAI Logo RPAI Logo](http://photos.prnewswire.com/prnvar/20140422/77417)
The Wine Cellar Group was founded in 1990 as an online-only
retailer focused on sourcing small parcel and boutique wines. In
2012, they opened their first retail location, combining their
"Cellar Collection" wines with a selection of handpicked wines from
the world's better-known vineyards. The Wine Cellar Group's
Heritage Square location, marks the Company's tenth location, and
the first in the State of
Washington, with plans to open several additional locations
across the country this year.
Heritage Square is a 53,000 square foot neighborhood shopping
center situated in the major retail corridor of Issaquah, Washington, a high barrier-to-entry
sub-market with high average household incomes and great visibility
off of I-90.
"We are pleased to bring another strong first-to-market retailer
to the community of Issaquah,"
stated Stacy Short, vice president,
western division. "The Wine Cellar Outlet is an exciting new retail
category to add to the tenant mix, as we rebrand the center into a
thriving shopping destination."
RPAI owns over 1.2 million square feet in the Seattle MSA, which
is the Company's fifth largest market.
ABOUT RPAI
Retail Properties of America, Inc. is a
REIT and is one of the largest owners and operators of high
quality, strategically located shopping centers in the United States. As of March 31, 2016, the Company owned 192 retail
operating properties representing 28.3 million square feet. 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.
CONTACT INFORMATION
Kimberly Freely - Director, PR
& Communications
Retail Properties of America, Inc.
630-634-4319
freely@rpai.com
Logo - http://photos.prnewswire.com/prnh/20140422/77417
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/rpai-signs-another-first-to-market-lease-in-the-seattle-msa-300265130.html
SOURCE Retail Properties of America, Inc.