CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
INDIANAPOLIS, March 13, 2018 -- Kite Realty Group Trust (NYSE:KRG) (the “Company”) announced today that Nordstrom Rack has opened at Portofino Shopping Center in Houston, Texas (MSA).
The 27,252-square foot Nordstrom Rack joins several existing anchors, including T.J. Maxx, DSW, Michaels, PGA Superstore, Old Navy, and PetSmart. Portofino Shopping Center is part of the Company’s Redevelopment, Repurpose and Reposition ("3-R") initiative, which also includes the recent addition of 13,000 square feet from the construction of two new standalone buildings.
“Nordstrom Rack will be a great addition to our Portofino Shopping Center,” said John Kite, CEO of Kite Realty Group Trust. “It joins a strong lineup of national retailers and shops, adding to our high-quality merchandising mix and optimized shopper experience.”
Portofino Shopping Center is located 30 miles north of downtown Houston in the suburban community of Shenandoah. The center is near The Woodlands, which is ranked as one of the Top 50 Best Selling Master Planned Communities in the nation.
About Kite Realty Group Trust
Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) engaged primarily in the ownership and operation, acquisition, development and redevelopment of high-quality neighborhood and community shopping centers in select markets in the United States. As of December 31, 2017, we owned interests in 117 operating and redevelopment properties totaling approximately 23.3 million square feet and two development projects currently under construction.
Our strategy is to maximize the cash flow of our operating properties, successfully complete the construction and lease-up of our redevelopment and development portfolio, and identify additional opportunities to acquire or dispose of properties to further strengthen the Company. New investments are focused in the shopping center sector primarily in markets where we believe we can leverage our existing infrastructure and relationships to generate attractive risk-adjusted returns or otherwise in desirable trade areas. Dispositions are generally designed to increase the quality of our portfolio and to strengthen the Company’s balance sheet. For more information, please visit the Company’s website at www.kiterealty.com.
Contact Information:
Kite Realty Group Trust
Dan Sink, Chief Financial Officer
(317) 577-5609
[email protected]
