Kite Realty Group Acquires 2 Shopping Centers for $28.8M

Kite Realty Group Trust

(the “Company”) announced today that it has acquired two shopping centers in Greenville, South Carolina. Shops at Plaza Green is a 194,000 square foot center acquired for a purchase price, exclusive of closing costs, of $28.8 million. The center is 95% leased and is anchored by Bed Bath & Beyond, Old Navy, Christmas Tree Shops (a Bed Bath & Beyond concept), Shoe Carnival, and Party City. It is located near the intersection of I-85 and I-385. The property draws from an attractive trade area with average household incomes of $81,800 and a population density of 143,300.