Press release from Business Wire
Retail Properties of America, Inc. Announces Two New Leases with ULTA Beauty
Thursday, September 13, 2012
OAK BROOK, Ill. (Business Wire) -- Retail Properties of America, Inc. (NYSE: RPAI) announced today that two of its subsidiaries signed leases with ULTA Beauty including a 10,070-square-foot lease at Governor's Marketplace in Tallahassee, FL and a 15,407-square-foot lease at Plaza Santa Fe in Santa Fe, NM.
“The completion of these transactions further highlights our proactive approach to the asset management and leasing of our properties,” said Maria Pope Toliopoulos, vice president and director of leasing for Retail Properties of America, Inc.
Governor's Marketplace is a 243,107-square-foot power center located in Tallahassee, FL minutes away from Florida State University with easy access from US-90 and US-27 at Magnolia Drive. ULTA Beauty will join Bed Bath & Beyond, Sports Authority, Marshalls, Michaels, Old Navy and Petco.
Plaza Santa Fe is a 224,223-square-foot power center ideally located along the premier retail corridor in Santa Fe, NM. The high traffic center is anchored by Michaels, Best Buy, TJ Maxx and PetSmart.
Retail Properties of America, Inc. is a fully integrated, self-administered and self-managed real estate company that owns and operates high quality, strategically located shopping centers across 35 states. The company is one of the largest owners and operators of shopping centers in the United States. 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.
About ULTA Beauty
ULTA Beauty is the largest beauty retailer that provides one-stop shopping for prestige, mass and salon products and salon services in the United States. ULTA Beauty provides affordable indulgence to its customers by combining unmatched product breadth, value and convenience with the distinctive environment and experience of a specialty retailer. ULTA Beauty offers a unique combination of over 20,000 prestige and mass beauty products across the categories of cosmetics, fragrance, haircare, skincare, bath and body products and salon styling tools, as well as salon haircare products. ULTA Beauty also offers a full-service salon in all of its stores. As of April 28, 2012, the Company operates 467 retail stores across 44 states and also distributes its products through the Company's website: www.ulta.com.
The statements and certain other information contained in this press release, which can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “continue,” “remains,” “intend,” “aim,” “towards,” “should,” “prospects,” “could,” “future,” “potential,” “believes,” “plans,” “goal,” “initiative,” “likely,” “anticipate,” and “probable,” or the negative thereof or other variations thereon or comparable terminology, constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. These statements should be considered as subject to the many risks and uncertainties that exist in the Company's operations and business environment. Such risks and uncertainties could cause actual results to differ materially from those projected. These uncertainties include, but are not limited to, that the closing of the aforementioned offering is subject to, among other things, standard closing conditions and customary rights of the underwriters to terminate the underwriting agreement due to any outbreak or escalation of hostilities or any change in financial markets or any calamity or crisis, either within or outside the United States, and other risks and uncertainties detailed from time to time in the Company's filings with the Securities and Exchange Commission. The Company does not undertake any duty to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Retail Properties of America, Inc.
Cherilyn Megill, 630-645-7247