Retail Properties of America, Inc. announced today that Inland Western Bangor Parkade LLC, one of its wholly-owned subsidiaries, signed leases with a 11,284-square-foot Ulta and an approximately 12,064-square-foot PetSmart® store to replace Office Depot at Bangor Parkade in Bangor, Maine.
"Ulta and PetSmart stores are great additions and add to the success of this property, which is close to 100 percent occupied," said Maria Pope Toliopoulos, vice president and director of leasing for Retail Properties of America, Inc. "These high quality national retailers will complement the existing merchandising mix and provide more options for our shoppers. In addition, the completion of these transactions further highlights our proactive approach to asset management of our properties and our ability to capitalize on opportunities presented within the market."
Bangor Parkade is a 232,805-square-foot power center anchored by Kohl's, Old Navy, L.L. Bean, A.C. Moore and Big Lots. Minutes away from the University of Maine, the center is conveniently located directly off of I-95, in the middle of Bangor's shopping district.
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.
Forward-Looking Statements
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 Company's 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.
Contacts:
Inland Marketing & Communications, Inc.
Alyssa Templeton, (630)
218-2887
Alyssa.Templeton@inlandgroup.com
or
Retail
Properties of America, Inc.
Cherilyn Megill, (630) 645-7247
Cherilyn.Megill@rpai.com
