Retail Properties of America, Inc. Signs Four New Leases at Southlake Town Square
OAK BROOK, Ill.--(BUSINESS WIRE)-- Retail Properties of America, Inc. (NYS: RPAI) announced today one of its subsidiaries signed a 4,820-square-foot lease with Daddy Jack's, a New England lobster & chowder house, at Southlake Town Square ("Town Square"), one of Dallas' premiere shopping destinations in Southlake, TX. In addition, The Ginger Man, Journey's and Motherhood Maternity opened this month at Town Square. The leases were signed on behalf of Town Square LP, a subsidiary of RPAI.
Daddy Jack's is a locally owned and operated restaurant that is planning to open in mid-November. The Ginger Man is a 1,994-square-foot authentic pub featuring a large outside beer garden and second floor loft space.
"Strong tenants continue to select Town Square as their location of choice," said Jason Kasal, vice president/leasing director for RPAI Southwest Management LLC, a subsidiary of RPAI. "Due to the popularity of The Ginger Man at The Shops at Legacy in Plano, TX, another RPAI center, we were anxious to add another location at Southlake. We are thrilled to introduce this popular pub and Daddy Jack's to the market and continue to round out the dining and nightlife offerings in Southlake," added Kasal.
"Journey's adds to the teen retail category that is doing really well at the center," said Kasal "Motherhood Maternity is a new use that's a perfect fit for our customer."
Located in the heart of the Dallas-Fort Worth Metroplex in Southlake, Texas, Southlake Town Square is known worldwide as the blueprint for success in open-air lifestyle urban developments. Opened in 1999 and expanded in 2006 the 130-acre Town Square boasts over 120 specialty retail shops and restaurants, a 14 screen Harkins Theatre, an upscale urban Hilton Hotel, offices, city government and residential brownstones.
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 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.
Retail Properties of America, Inc.
Cherilyn Megill, (630) 645-7247
KEYWORDS: United States North America Illinois Texas
The article Retail Properties of America, Inc. Signs Four New Leases at Southlake Town Square originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.