Pelham Manor Shopping Plaza is 100% Leased for the First Time Since Development
Dollar Tree signs 12,767 Square Foot Lease
OAK BROOK, Ill., Sept. 8, 2014 /PRNewswire/ -- Retail Properties of America, Inc. (NYSE:RPAI) announced today that Dollar Tree has signed a 12,767 square foot lease at Pelham Manor Shopping Plaza in Pelham, New York, bringing the center to 100% leased for the first time since the center opened in 2008.
Pelham Manor Shopping Plaza is located within the southern portion of Westchester County, approximately 10 miles north of Manhattan. The 228,000 square foot center caters to the surrounding neighborhoods of Pelham Manor, Mount Vernon, New Rochelle and the north Bronx. Acquired in 2013, the center features national retailers such as BJ's Wholesale Club, PetSmart, Michaels and more.
"We are excited to achieve a 100% leased rate at Pelham Manor Shopping Plaza, while also bringing another national retailer to the community," said Greg Goldberg, vice president, leasing director, north region. "Dollar Tree is the perfect complement to the other national retailers already at the center and we look forward to their grand opening."
Dollar Tree will be located next to Five Guys Burgers and Fries and is expected to open in early November 2014.
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 June 30, 2014, the Company owned 224 retail operating properties representing 31.8 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.
Media Contact:
Kimberly Freely
Director, PR & Communications
630-634-4319
[email protected]
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SOURCE Retail Properties of America, Inc.
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