Western Colorado’s Retail Powerhouse Mesa Mall Continues Transformation with First to Market Dick’s Sporting Goods
28 Gennaio 2021 - 2:00PM
Business Wire
Washington Prime Group Inc. (NYSE: WPG) today provided an update
on adaptive reuse initiatives at Mesa Mall in Grand Junction,
Colorado. Dick’s Sporting Goods, with its first location in Grand
Junction, will replace the space formerly occupied by Herberger’s,
and construction recently kicked off with the interior demolition
of the space.
Leasing and redevelopment efforts collectively reinforce Mesa
Mall’s location along the Business Loop as the premier retail
corridor in the Grand Valley. With the planned addition of several
unique and market-exclusive retailers, Mesa Mall is well positioned
for long term success.
Dick’s Sporting Goods joins a dynamic tenant lineup at Mesa Mall
which includes existing anchors Best Buy, Cabela’s and Target, as
well as additional, previously announced new anchor tenants. Dick’s
Sporting Goods will announce its grand opening date in the
future.
Recently, the management team at Mesa Mall worked with a local
artist to add color, texture and vibrancy to exterior spaces for
the community to enjoy as part of The Canvas Project. Mesa Mall
selected local artist Jamie Copley for the installation showcasing
Colorado Mesa University. A long-time Grand Junction resident and
CMU alum, Copley has worked on several murals around the Grand
Valley.
Mesa Mall serves the western Colorado and eastern Utah regions.
The majority of commercial development in Grand Junction is
happening within a two-mile radius of the town center, positioning
Mesa Mall in the core of the fastest growing retail, restaurant,
and financial sector of the valley. With a combination of enclosed
and open air formats, Mesa Mall is the only hybrid retail center in
the valley and the only hybrid center between Denver and Salt Lake
City.
About Washington Prime Group
Washington Prime Group: National footprint with local flavor.
With about 100 town centers throughout the US, we’re as American as
apple pie. As a matter of fact, we are also as American as deep
dish pizza in Chicago, Hawaiian poke salad, vegan spring rolls in
Malibu, El Paso Tex-Mex, Maryland crab cakes, kimchi in Orange
County, Memphis barbeque and a Kansas City porterhouse. Our well
regarded infrastructure, from Hawaii to Connecticut, and pretty
much everywhere else in between, allows our tenant and sponsor
partners to benefit from the operating efficacy and economies of
scale at a large national real estate company, alongside local
management who possess comprehensive knowledge of the specific
locale within which they reside. Washington Prime Group® is a
registered trademark of the Company. Learn more at
www.washingtonprime.com.
Forward-Looking Statements
This news release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995
which represent the current expectations and beliefs of management
of Washington Prime Group Inc. (“WPG”) concerning the proposed
transactions, the anticipated consequences and benefits of the
transactions and the targeted close date for the transactions, and
other future events and their potential effects on WPG, including,
but not limited to, statements relating to anticipated financial
and operating results, future liquidity, the Company’s plans,
objectives, expectations and intentions, cost savings and other
statements, including words such as “anticipate,” “believe,”
“confident,” “plan,” “estimate,” “expect,” “intend,” “will,”
“should,” “may,” and other similar expressions. Such statements are
based upon the current beliefs and expectations of WPG’s
management, and involve known and unknown risks, uncertainties, and
other factors which may cause the actual results, performance, or
achievements of WPG to be materially different from future results,
performance or achievements expressed or implied by such
forward-looking statements. Such factors include, without
limitation: changes in asset quality and credit risk; ability to
sustain revenue and earnings growth; changes in political, economic
or market conditions generally and the real estate and capital
markets specifically; the impact of increased competition; the
availability of capital and financing; tenant or joint venture
partner(s) bankruptcies; the failure to increase store occupancy
and same-store operating income; risks associated with the
acquisition, disposition, (re)development, expansion, leasing and
management of properties; changes in market rental rates; trends in
the retail industry; relationships with anchor tenants; risks
relating to joint venture properties; costs of common area
maintenance; competitive market forces; the level and volatility of
interest rates; the rate of revenue increases as compared to
expense increases; the financial stability of tenants within the
retail industry; the restrictions in current financing arrangements
or the failure to comply with such arrangements; the liquidity of
real estate investments; the impact of changes to tax legislation
and WPG’s tax positions; losses associated with closures, failures
and stoppages associated with the spread and proliferation of the
coronavirus (COVID-19) pandemic; to qualify as a real estate
investment trust; the failure to refinance debt at favorable terms
and conditions; loss of key personnel; material changes in the
dividend rates on securities or the ability to pay dividends on
common shares or other securities; possible restrictions on the
ability to operate or dispose of any partially-owned properties;
the failure to achieve earnings/funds from operations targets or
estimates; the failure to achieve projected returns or yields on
(re)development and investment properties (including joint
ventures); expected gains on debt extinguishment; changes in
generally accepted accounting principles or interpretations
thereof; terrorist activities and international hostilities; the
unfavorable resolution of legal or regulatory proceedings; the
impact of future acquisitions and divestitures; assets that may be
subject to impairment charges; significant costs related to
environmental issues; changes in LIBOR reporting practices or the
method in which LIBOR is determined; and other risks and
uncertainties, including those detailed from time to time in WPG’s
statements and periodic reports filed with the Securities and
Exchange Commission, including those described under “Risk
Factors”. The forward-looking statements in this communication are
qualified by these risk factors. Each statement speaks only as of
the date of this press release and WPG undertakes no obligation to
update or revise any forward-looking statements to reflect new
information, subsequent events or circumstances. Actual results may
differ materially from current projections, expectations, and
plans, if any. Investors, potential investors and others should
give careful consideration to these risks and uncertainties.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210128005175/en/
Kimberly A. Green, VP, Investor Relations & Corporate
Communications, 614.887.5647 or kim.green@washingtonprime.com
Grafico Azioni Washington Prime (NYSE:WPG)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Washington Prime (NYSE:WPG)
Storico
Da Set 2023 a Set 2024