Kite Realty Group Trust (KRG) Awarded Financing for Four Corner Square Redevelopment
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Kite Realty Group Trust (NYSE: KRG) has closed on a $23 million construction loan for its Four Corner Square redevelopment property in Maple Valley, Washington (Seattle MSA). Construction has commenced on the project, which is 84% leased or committed.
Major tenants Johnson’s Home & Garden and Grocery Outlet are scheduled to open in the first quarter of 2013 with Walgreens (NYSE: WAG) scheduled to open in the third quarter of 2013. Upon completion of the redevelopment, the center will be expanded from 44,000 square feet to 109,000 square feet, as well as three additional outparcels.
Major tenants Johnson’s Home & Garden and Grocery Outlet are scheduled to open in the first quarter of 2013 with Walgreens (NYSE: WAG) scheduled to open in the third quarter of 2013. Upon completion of the redevelopment, the center will be expanded from 44,000 square feet to 109,000 square feet, as well as three additional outparcels.
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