Developers Diversified Realty Announces Anthropologie to Join Town Center Plaza in Kansas City

BEACHWOOD, Ohio, Jan. 14, 2011 /PRNewswire/ -- Developers Diversified Realty Corporation (NYSE: DDR) today announced that Anthropologie will open an 11,202 square-foot store at Town Center Plaza, a 626,000 square-foot lifestyle center located in Leawood, Kansas.

Lorraine Adney, Director of the Midwestern Region for the McDevitt Company, an international tenant representation firm representing Anthropologie, said, "Anthropologie is very excited to join Town Center Plaza in summer 2011 as the brand sees great potential in the Johnson County market. The Town Center Plaza store will be uniquely designed and offer the sophisticated Leawood customer a special place to shop."

"Anthropologie is clearly one of the leading women's ready-to-wear and accessories retailers operating today," said Paul Freddo, senior executive vice president of leasing & development for Developers Diversified. "This unique and imaginatively designed store will be a tremendous addition to Town Center Plaza and is a further example of our company's commitment to remerchandising and reinvesting in our Prime assets." 

In 2010 at Town Center Plaza, Victoria's Secret relocated and expanded to a new 7,200 square-foot prototype store, Bath & Body Works expanded into a 3,267 square-foot space, and The Limited executed an agreement to open a 4,595 square-foot store in spring 2011.

In addition to the new and expanded stores, Town Center Plaza currently features Macy's, Dick's Sporting Goods, J. Crew, Pottery Barn, Williams-Sonoma, Coldwater Creek, Banana Republic, The Gap, Ann Taylor as well as other specialty stores and restaurants. The shopping center is 97 percent leased.

About Developers Diversified Realty

Developers Diversified owns and manages approximately 570 retail operating and development properties in 40 states, Brazil, Canada and Puerto Rico. Totaling approximately 132 million square feet, the Company's shopping center portfolio features open-air, value-oriented neighborhood and community centers, mixed-use centers and lifestyle centers located in prime markets with stable populations and high-growth potential. Developers Diversified is the largest landlord in Puerto Rico and owns a premier portfolio of regional malls in and around Sao Paulo, Brazil. Developers Diversified is a self-administered and self-managed REIT operating as a fully integrated real estate company. Additional information about the Company is available on the Company's website at www.ddr.com.

SOURCE Developers Diversified Realty Corporation