SOUTHFIELD, Mich., Oct. 24 /PRNewswire/ -- Ramco-Gershenson Properties
Trust (NYSE: RPT) announced today the opening of a 31,000 square foot Best Buy
electronics superstore at its Jackson Crossing shopping center in Jackson,
Michigan. Best Buy joins Target, Kohl's, Sears and Toys 'R' Us as anchors of
the 650,000 square foot center. Jackson Crossing is located immediately
adjacent to the intersection of I-94 and US-127 expressways.
"Part of RPT's business philosophy is to capitalize on growth
opportunities that exist within our core portfolio of shopping centers," said
Dennis Gershenson, president and Chief Executive Officer. "Therefore, we were
thrilled to be able to expand our Jackson Crossing center to include a Best
Buy superstore. Best Buy compliments the other national anchors, providing
the Jackson area with a diverse selection of retailers."
Ramco-Gershenson Properties Trust has a portfolio of 56 shopping centers,
with approximately 11.7 million square feet of gross leasable area, located in
Michigan, Ohio, Wisconsin, New York, New Jersey, Maryland, Virginia,
North Carolina, South Carolina, Tennessee, Georgia, Alabama and Florida.
Headquartered in Southfield, Michigan, the Company is a fully integrated,
self-administered, publicly-traded real estate investment trust (REIT). The
Trust owns, develops, acquires and manages community shopping centers,
regional malls and single tenant retail properties, nationally.
This press release contains forward-looking statements with respect to the
operation of certain of the Trust's properties. Management of
Ramco-Gershenson believes the expectations reflected in the forward-looking
statements made in this document are based on reasonable assumptions. Certain
factors could occur that might cause actual results to vary. These include
general economic conditions, the strength of key industries in the cities in
which the Trust's properties are located, the performance of the Trust's
tenants at the Trust's properties and elsewhere, and other factors discussed
in the Trust's reports filed with the Securities and Exchange Commission.
For further information on Ramco-Gershenson Properties Trust via facsimile
at no cost, dial 1-800-PRO-INFO and enter the company symbol RPT or visit our
website at http://www.ramcogershenson.com .
SOURCE Ramco-Gershenson Properties Trust
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Related links:
http://www.ramcogershenson.com
CONTACT:
Dennis Gershenson, President & CEO, or
Richard Smith, CFO, 248-350-9900, fax, 248-350-9925, both of
Ramco-Gershenson Properties Trust
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