Developers Diversified Realty and Kohl's Partner to Open Eight Locations

BEACHWOOD, Ohio, Oct. 5 /PRNewswire/ -- Developers Diversified Realty Corporation (NYSE: DDR) today announced eight new Kohl's stores totaling approximately 600,000 square feet have opened in Plantation, Florida; Clovis, Northridge, San Diego and Ukiah, California; Carson City and two locations in Las Vegas, Nevada.  

Kohl's is a top-five tenant in Developers Diversified's portfolio, representing 41 locations totaling nearly 3.4 million square feet.

"Kohl's continues to fill the retail needs of our customers with their stylish approach toward value and convenience," said Paul Freddo, senior executive vice president of leasing & development for Developers Diversified. "When Kohl's opens a location in a new or existing shopping center, an immediate and perceptible increase in traffic and leasing activity follows. We value our partnership with Kohl's and look forward to adding more locations in our portfolio."

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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