OAK BROOK, Ill., Aug. 27, 2015 /PRNewswire/ -- Retail Properties of America, Inc. (NYSE: RPAI or the "Company") announced today that it has signed two new leases, buybuy BABY and Cost Plus World Market, at Gateway Plaza located in Southlake, Texas. buybuy BABY and Cost Plus World Market are both expected to open in the fourth quarter of 2015.
buybuy BABY and Cost Plus World Market are both part of the Bed Bath & Beyond family of brands. buybuy BABY has over 100 locations across the US with an amazing selection of the best baby gear along with everybody's favorite brands – all at everyday low prices. Cost Plus World Market has over 250 locations nationwide and features high-quality, original items at a great value including trend-setting home accents and an array of international foods and wines.
Gateway Plaza is located in the retail corridor of affluent Southlake, Texas. The 365,200 square foot power center is anchored by Kohl's, T.J. Maxx, Old Navy, Ulta Beauty and Bed Bath & Beyond, as well as many other prominent national retailers and restaurants. It is also located near Southlake Town Square, a premier destination lifestyle center that is owned and operated by RPAI.
"buybuy BABY and Cost Plus World Market are perfect co-tenants for the center," said Jason Kasal, vice president of leasing, western division. "These leases represent another example of RPAI's ability to remerchandise its big-box inventory, and we believe the addition of buybuy BABY and Cost Plus World Market will position Gateway Plaza for long-term growth and market relevancy."
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, 2015, the Company owned 208 retail operating properties representing 30.3 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 email@example.com
SOURCE Retail Properties of America, Inc.