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Last Updated ( Thursday, 19 December 2013 13:53 )
DATE_FORMAT_LC2=Thursday,December 19 2013 12:00:00 am EST   
DDR Signs Anchors for Seabrook Commons

SeabrookCommonsNLSeabrook, N.H. — DDR Corp. has signed several anchor tenants for Seabrook Commons, a 380,000-square-foot center the firm is developing in Seabrook. The power center will open in the summer of 2014 at 95 percent leased. Anchor tenants include Walmart, Dick's Sporting Goods, PetSmart, Michaels, ULTA Beauty, Five Below and Panera Bread.

"Seabrook Commons represents our continued focus to monetize non-income producing assets through selective ground-up development projects while delivering new store growth opportunities for today's fastest-growing retailers and generating attractive incremental returns on capital invested," says Paul Freddo, senior executive vice president of leasing and development for DDR.

Seabrook Commons will represent DDR's second consecutive year of adding a prime power center to its portfolio through ground-up development. In May 2013, the company opened the 900,000-square-foot Belgate Shopping Center in Charlotte, N.C.

 

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