The addition of the brand’s small-format concept will spark a transformative repositioning of this New Jersey shopping center
NEW HYDE PARK, N.Y., 2017-Jul-15 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) announced that it has signed a lease with Target for a 48,000-square-foot, small-format store at Westmont Plaza in Haddon Township, New Jersey, set to open in July 2018. The addition of Target is the first step in a larger repositioning of the 173,000-square-foot, open-air center.
“The addition of Target opens the door for some exciting changes that will significantly enhance the retail and service offerings available in Haddon Township,” said David Jamieson, Executive Vice President and Chief Operating Officer of Kimco Realty. “Quality attracts quality, and we’ve seen that time and time again across our portfolio as we redevelop assets and execute on our 2020 Vision. Residents can look forward to additional changes in the near future, with Target setting the tone for Westmont Plaza’s revitalization.”
The Westmont Target, which is the brand’s third small-format store in the state of New Jersey, will provide residents with a quick-trip shopping experience featuring Target’s curated assortment of apparel and accessories, grocery and grab-and-go items, beauty products, electronics, toys, and more. The store will also offer a CVS Pharmacy and Target’s Order Pickup service for added convenience.
“We’re thrilled to bring the convenience of Target and its robust assortment of offerings to the residents of Haddon Township,” said Tom Simmons, President of Kimco’s Mid-Atlantic Region. “This addition is the perfect fit for the community, and we look forward to providing more best-in-class brands that will transform the shopping experience at Westmont Plaza.”
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of June 30, 2017, the company owned interests in 510 U.S. shopping centers comprising 84 million square feet of leasable space across 32 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.
Director, Corporate Communications
Source: Kimco Realty Corporation