NEW HYDE PARK, N.Y.--(BUSINESS WIRE)--Kimco Realty Corp. (NYSE:KIM) announced today that Lowe’s Home Improvement, Marshalls, TJX’s new HomeSense concept, Burlington and Five Below will join the tenant lineup at Mill Station, the company’s $108 million Signature Series development on the site of the former Owings Mills Mall in Baltimore County, Maryland. With these newly announced retailers, in addition to Costco and AMC Theatre, the project is now over 75% preleased, and construction has commenced. Costco is on track to open later this year, with the remainder of the announced retailers anticipated to open throughout the first half of 2019.
The approximately 620,000-square-foot Mill Station development will feature up to 30 retailers and restaurants in a modern, open layout with green space and a network of walkways connecting to existing office and retail space. Situated directly off I-795 and adjacent to the Owings Mills Station stop on Baltimore’s Metro SubwayLink, the shopping center will serve a population of 167,000 in the surrounding five-mile area, with an average household income of approximately $95,000.
“The strong preleasing activity at Mill Station underscores the strength of demand for well-located real estate,” said Conor Flynn, Kimco’s Chief Executive Officer. “We remain committed to our 2020 Vision as we focus on unlocking the embedded value of our real estate by delivering our targeted development and redevelopment projects. Kimco’s high-quality assets in top locations continue to attract retailers in high-growth categories such as off-price and home improvement.”
“We’re incredibly excited to have secured this wave of additional high-impact retailers at Mill Station,” said David Jamieson, Kimco’s Chief Operating Officer. “We are making great progress in assembling a complementary mix of national and local brands to provide the best in shopping, dining and entertainment for Owings Mills residents and visitors.”
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of March 31, 2018, the company owned interests in 475 U.S. shopping centers comprising 81 million square feet of leasable space primarily concentrated in the top major metropolitan markets. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for 60 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.