FOR IMMEDIATE RELEASE:
May 25, 2018
Joe Bell Christi Huff
Director of Corporate Communications Marketing Director
Cafaro Company Kentucky Oaks Mall
330-743-7688 270-444-0440 ext. 102
Major Redevelopment at Kentucky Oaks Mall
New Burlington opening as part of 7-store redevelopment by Seritage Growth Properties
An exciting redevelopment project is introducing a new Burlington store, and more, to Kentucky Oaks Mall in Paducah, Kentucky. This will be Burlington’s only store within a ninety mile radius of Paducah. Seritage Growth Properties is redeveloping a former Sears department store space to create the new 41,900 square foot Burlington. It is scheduled to open its doors in time for the 2018 holiday season. Remaining space from the former department store is being marketed to retailers and restaurants. The entire project is scheduled for completion in 2019.
Seritage Growth Properties owns, manages, and leases the former Sears building now being redeveloped. The balance of the Kentucky Oaks Mall Complex is owned, managed, and leased by Ohio-based Cafaro.
About Seritage Growth Properties
Seritage Growth Properties is a publicly traded REIT primarily engaged in releasing and redeveloping its 253 property portfolio into first class multi-tenanted shopping centers. The portfolio contains over 40 million square feet of building space across 49 states and Puerto Rico. Pursuant to a master lease, 230 wholly-owned properties are leased to Sears Holdings and are operated under either the Sears or Kmart brand. For further information, visit www.seritage.com
About Kentucky Oaks Mall
Kentucky Oaks Mall is located on Interstate 24, Exits 3 and 4, in Paducah, Kentucky. The mall complex comprises over one million square feet of shopping, dining and entertainment, and has been serving the people Western Kentucky, Southern Illinois, and Eastern Missouri since 1983. Customers find trusted names like Dillard’s, JCPenney, DICK’S Sporting Goods and nearly one hundred other specialty shops and eateries. For more information about mall merchants and events, go to www.kentuckyoaksmall.com. Kentucky Oaks Mall is owned and managed in association with Cafaro-affiliated companies, based in Niles, Ohio. One of the nation’s largest privately held shopping center developers, the Cafaro organization has developed in its history more than 30 million square feet of commercial real estate in 14 states. For more information, visit www.cafarocompany.com.
Burlington Stores, Inc., headquartered in New Jersey, is a nationally recognized off-price retailer. The company’s stores offer an extensive selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, home, coats, beauty and gifts. As of February , 2018, Burlington operated 629 stores in 45 States and Puerto Rico.