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NEW HYDE PARK, N.Y.--(BUSINESS WIRE)--Kimco Realty Corp. (NYSE:KIM), North America’s better publicly-traded buyer and abettor of amphitheater arcade centers, today appear that it purchased an 850,000-square-foot destination adeptness centermost in the Phoenix-Mesa-Scottsdale, Ariz. city statistical breadth (MSA) for $115.3 million. The property, anchored one mile east of Interstate 17, is attainable by added than a dozen credibility of ingress/ departure and lies adjoining to the second-busiest ablaze abuse base in Phoenix.
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Ross Dress for Less - 20 Photos | Ross Dress For Less Hyde ParkChristown Spectrum is 94% active and is amid at the ascendant and awful trafficked (97,600 ADT) retail bend of West Bethany Home Road and North 19th Avenue in one of the best densely busy areas in the Phoenix metro, with a citizenry of 437,000 aural a 5-mile radius. It is anchored by a Wal-Mart Supercenter, Costco and SuperTarget; the alone centermost in the U.S. to avowal all three retailers. Supplementing the three basic ballast tenants are several civic and/or advance brand retailers such as Walgreens, Ross Dress for Less, PetSmart, Dollar Tree, Bank of America, Famous Footwear, GNC, Bath & Body Works, Supercuts, Taco Bell, Carl’s Jr. and Wingstop Restaurant.
The acreage offers assorted redevelopment and amount conception opportunities including several below-market arena leases, the development of abundant pads and the amplification of leasable aboveboard footage.
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Ross Dress for Less - 20 Photos | Ross Dress For Less Hyde ParkABOUT KIMCO
Kimco Realty Corp. (NYSE:KIM) is a absolute acreage advance assurance (REIT) headquartered in New Hyde Park, N.Y., that is North America’s better publicly-traded buyer and abettor of amphitheater arcade centers. As of September 30, 2015, the aggregation endemic interests in 710 arcade centers absolute 105 actor aboveboard anxiety of leasable amplitude beyond 39 states, Puerto Rico, and Canada. Publicly traded on the NYSE back 1991, and included in the S&P 500 Index, the aggregation has specialized in arcade centermost acquisitions, development and administration for added than 50 years.
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Ross Dress for Less to Open in Kenwood on Friday - Kenwood ... | Ross Dress For Less Hyde ParkSAFE HARBOR STATEMENT
The statements in this absolution accompaniment the company’s and management’s intentions, beliefs, expectations or projections of the approaching and are advanced statements. It is important to agenda that the company’s absolute after-effects could alter materially from those projected in such advanced statements. Factors that could account absolute after-effects to alter materially from accepted expectations include, but are not bound to, (i) accepted adverse bread-and-butter and bounded absolute acreage conditions, (ii) the disability of above tenants to abide advantageous their hire obligations due to bankruptcy, defalcation or a accepted abatement in their business, (iii) costs risks, such as the disability to access equity, debt or added sources of costs or refinancing on favorable agreement to the company, (iv) the company’s adeptness to accession basic by affairs its assets, (v) changes in authoritative laws and regulations, (vi) the akin and animation of absorption ante and adopted bill barter ante and management’s adeptness to appraisal the appulse thereof, (vii) risks accompanying to the company’s all-embracing operations, (viii) the availability of acceptable acquisition, disposition, development and redevelopment opportunities, and risks accompanying to acquisitions not assuming in accordance with the company’s expectations, (ix) appraisal and risks accompanying to the company’s collective adventure and adopted disinterestedness investments, (x) appraisal of bankable balance and added investments, (xi) increases in operating costs, (xii) changes in the allotment action for the company’s accepted stock, (xiii) the abridgement in the company’s assets in the accident of assorted charter terminations by tenants or a abortion by assorted tenants to absorb their bounds in a arcade center, (xiv) crime accuse and (xv) hasty changes in the company’s ambition or adeptness to prepay assertive debt above-mentioned to ability and/or authority assertive balance until maturity. Additional advice apropos factors that could account absolute after-effects to alter materially from those advanced statements is independent from time to time in the company’s Balance and Barter Commission filings, including but not bound to the company’s Annual Report on Form 10-K for the year concluded December 31, 2014 and any consecutive Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q or Accepted Reports on Form 8-K. Copies of anniversary filing may be acquired from the aggregation or the Balance and Barter Commission.
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Ross Dress for Less - 20 Photos | Ross Dress For Less Hyde ParkThe aggregation refers you to the abstracts filed by the aggregation from time to time with the Balance and Barter Commission, accurately the area blue-blooded “Risk Factors” in the company’s Annual Report on Form 10-K for the year concluded December 31, 2014, as it may be adapted or supplemented by consecutive Annual Reports on Form 10-K or Quarterly Reports on Form 10-Q filed with the Balance and Barter Commission, which altercate these and added factors that could abnormally affect the company’s results.
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