OAK BROOK, Ill., April 30, 2014 /PRNewswire/ -- Retail Properties of America, Inc. (NYSE:RPAI or the "Company") announced today that Gap and Ulta Beauty will be coming to Central Texas Marketplace in Waco, Texas.
Central Texas Marketplace (CTM) is Waco's premier shopping destination, conveniently located with easy access from both I-35 and S-Loop 340/Highway 6. Already home to over 600,000 square feet of retail and anchored by Belk, Kohl's, Ross Dress for Less, Marshalls, Bed Bath & Beyond, The Sports Authority, Best Buy and the newly opened Cabela's, CTM provides customers with an exceptional and broad mix of retail stores, restaurants and services.
With their first location in Waco, Texas, Ulta Beauty is the largest beauty retailer providing one-stop shopping for salon products and services in the United States. Ulta Beauty has signed a 10,434 square foot lease and is expected to open in early fall, 2014.
Gap, a leading global specialty retailer offering clothing, accessories and personal care products for men, women, children and babies, signed a 7,642 square foot lease and will be located between Ulta Beauty and LOFT. Gap is also expected to open in early fall, 2014 and is relocating to CTM to join an already strong mix of retailers.
"Ulta Beauty choosing this center as their first Waco store location and Gap relocating from a nearby mall speaks to the strength of Central Texas Marketplace and the customers it attracts," said Jason Kasal, vice president, senior leasing director, south. "We are thrilled to have these two brands joining the center and we look forward to announcing additional relocations and first-to-market retailers in the near future."
About Retail Properties of America, Inc.
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 December 31, 2013, the Company owned 228 retail operating properties representing 31.6 million square feet, including its pro rata share of unconsolidated joint ventures. 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.
Director, PR & Communications
SOURCE Retail Properties of America, Inc.