News release from Inland Real Estate Corporation:
The Wait is Over! Five Below Opens First Location in Fort Wayne, Indiana MSA
OAK BROOK, IL (March 18, 2015) – Inland Real Estate Corporation (NYSE: IRC) is pleased to announce that Five Below will open its first store in the Fort Wayne, Ind-MSA at IRC’s Orchard Crossing shopping center in Fort Wayne on Friday, March 20th. Five Below is the leading retailer of trend-right, extreme-value merchandise targeting teens and pre-teens where everything, every day is just $5 and below. The new store is Five Below’s only location within at least a 50-mile-radius.
“IRC is delighted that Five Below chose to open their first Fort Wayne store at Orchard Crossing,” said Mike Fitzgerald, vice president and director of leasing for Inland Real Estate Corporation. “We feel that the national tenant mix and location of this center make it an excellent choice for a world-class retailer and enhances the center as a destination. The center is located near several other shopping centers and IRC is pleased Five Below has chosen to lease space in Orchard Crossing. ”
The company combined four smaller spaces and repositioned existing tenants to create the 8,225-square-foot space for Five Below. The addition of Five Below further enhances the impressive tenant mix at Orchard Crossing and is expected to generate increased foot traffic that will benefit the entire center. With substantial visibility along the busy retail corridor of Illinois Road, the addition of the well-known Five Below brand will contribute to the already successful shopping center.
About Inland Real Estate Corporation
Inland Real Estate Corporation is a self-advised and self-managed publicly traded real estate investment trust focused on owning and operating open-air neighborhood, community and power shopping centers located in well-established markets primarily in the Central United States. As of December 31, 2014, the Company owned interests in 132 fee simple investment properties, including 32 owned through its unconsolidated joint ventures, with aggregate leasable space of approximately 15 million square feet. Additional information on Inland Real Estate Corporation is available at https://www.inlandrealestate.com. To connect with Inland Real Estate Corporation via LinkedIn, visit , or via Twitter at www.twitter.com/IRC_REIT.
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