ShopOne Adds Ross Dress for Less® to The Plaza at Chapel Hill

New lease marks first Northeast Ohio storefront for Ross®

ShopOne Centers REIT Inc. ("ShopOne" or the "Company"), a leading owner, operator and manager of high-quality grocery-anchored shopping centers, today announced it has executed a 25,200 square-foot lease with Ross Dress for Less® at The Plaza at Chapel Hill in Akron, Ohio. The Ross Dress for Less® store at The Plaza at Chapel Hill will house the growing retailer's fist location in the state of Ohio. The Company expects Ross Dress for Less® to open in Summer 2019.

"Ross Dress for Less® is a perfect example of the type of category-leading brands that we are adding to our growing national portfolio," said Michael Carroll, Chief Executive Officer of ShopOne. "Given our scale and operating expertise, ShopOne is a natural partner for retailers that are looking to advance their real estate objectives. We are glad to help facilitate Ross Dress for Less®' entry into Ohio and look forward to partnering on future deals."

The Plaza at Chapel Hill is a 456,055 square foot trade area dominant shopping center located in a fundamentally strong retail hub that is supported by more than 95,000 households in a five-mile radius with an above average household income. Situated in a heavily trafficked corridor between Ohio State Routes 8 and 91, The Plaza at Chapel Hill is anchored by 92,532 square foot Giant Eagle grocery store and features a diverse mix of leading retail, daily needs and dining tenants including Dick's Sporting Goods, Shoe Carnival, Great Clips, Ideal Image and El Papas Mexican Restaurant.

Ross Stores, Inc. ROST is headquartered in Dublin, California and operates over 1,600 locations in 37 states, the District of Columbia and Guam.

About ShopOne

ShopOne Centers REIT is a leading owner, operator and manager of high-quality shopping centers. The Company's more than 50 retail centers located in established trade areas and are supported by a diverse mix of highly productive non-discretionary, value-oriented and grocery retailers. ShopOne is committed to maximizing the value of its portfolio by capitalizing on embedded growth opportunities through driving rents, increasing occupancy and pursuing value-enhancing redevelopment opportunities. To learn more about ShopOne, please visit www.ShopOne.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20181101005851/en/