Developers Diversified Realty and Bed Bath & Beyond, Inc. Partner to Open Eight Stores This Year

BEACHWOOD, Ohio, Sept. 29 /PRNewswire/ -- Developers Diversified Realty Corporation (NYSE: DDR) today announced that Bed Bath & Beyond, Inc. through its Christmas Tree Shops, buybuy BABY and Bed Bath & Beyond formats plans to open over 230,000 square feet of retail space in Developers Diversified shopping centers in 2010.

This year the company has opened three Bed Bath & Beyond stores at Marketplace at Millcreek in Buford, Georgia; Hamilton Marketplace in Hamilton, New Jersey; and Oviedo Park Crossing in Oviedo, Florida; with another scheduled to open later this year at Tanasbourne Town Center in Portland, Oregon.

The company has opened one buybuy BABY location at Lake Brandon Village in Brandon, Florida; and has plans to open two additional locations at Columbiana Station in Columbia, South Carolina; and River Oaks Shopping Center in Valencia, California.

Bed Bath & Beyond, Inc. has also opened a Christmas Tree Shops at Wrangleboro Consumer Square, in Mays Landing, New Jersey.

"Bed Bath & Beyond is a perfect example of a dynamic retailer strategically seeking new store locations, and as a result is poised to take market share," said Paul Freddo, senior executive vice president of leasing & development for Developers Diversified. "We are very pleased with the growing partnership we enjoy with this outstanding retailer."

About Developers Diversified Realty

Developers Diversified owns and manages approximately 620 retail operating and development properties in 42 states, Brazil, Canada and Puerto Rico. Totaling more than 136 million square feet, the Company's shopping center portfolio features open-air, value-oriented neighborhood and community centers, mixed-use centers and lifestyle centers located in prime markets with stable populations and high-growth potential. Developers Diversified is the largest landlord in Puerto Rico and owns a premier portfolio of regional malls in and around Sao Paulo, Brazil. Developers Diversified is a self-administered and self-managed REIT operating as a fully integrated real estate company. Additional information about the Company is available on the Company's website at www.ddr.com.

SOURCE Developers Diversified Realty Corporation

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