Developers Diversified Realty Announces New Retailers for The Shops at Midtown Miami

BEACHWOOD, Ohio, Nov. 15, 2010 /PRNewswire-FirstCall/ -- Developers Diversified Realty Corporation (NYSE: DDR) today announced that The Sports Authority, HomeGoods and a broad selection of retail shops and restaurants are opening and coming soon to The Shops at Midtown Miami, a 645,000 square-foot mixed-use retail, dining and residential center located in Miami, Florida.

The Sports Authority, a full-line sporting goods chain, plans to open a 34,544 square-foot store in 2011. HomeGoods, an off-price home decor store, opened a 25,182 square-foot location in late fall 2010.

Additional openings this year and next include a wide variety of boutique retailers, off-price fashion and six exciting new restaurants totaling approximately 20,000 square feet.  

With the addition of these new retailers and restaurants at The Shops at Midtown Miami, this Prime property is over 90% leased.

About Developers Diversified Realty

Developers Diversified owns and manages approximately 590 retail operating and development properties in 41 states, Brazil, Canada and Puerto Rico. Totaling more than 134 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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