Kite Realty Group Trust Announces Opening of Bluemercury at Rampart Commons

INDIANAPOLIS, July 24, 2018 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) (“KRG”) announced today that Bluemercury has opened at Rampart Commons in Las Vegas, Nevada.

The luxury beauty retailer joins the lifestyle center’s dynamic tenant lineup, including Pottery Barn, Athleta, Williams-Sonoma, Redemption Fitness, Talbots, and Club Champion, along with acclaimed restaurants Honey Salt, North Italia, and Flower Child.  Rampart Commons recently underwent an extensive transformation as part of KRG’s 3-R (Redevelopment, Repurpose and Reposition) initiative.  The redevelopment effort created an enhanced consumer experience and has introduced five first-to-market tenants.

“We are excited to open our first Nevada store in Las Vegas and the Rampart Commons shopping center was the obvious choice for us. It has been an exciting challenge to find the exact right location and presence for each new store, as we have transitioned from a best kept secret to an iconic luxury brand and household name. Our mission has always been to bring luxury beauty and skincare to our clients and be the best in the world at giving beauty advice. With this latest Bluemercury store, we bring luxury beauty products to the doorstep of the powerful women of Las Vegas,” said Barry Beck, COO & Co-Founder, of Bluemercury.

Rampart Commons is located at the corner of Charleston and Rampart Boulevard in west Las Vegas, within one of the most affluent retail trade areas in the metro area.

“We are thrilled to welcome Bluemercury to Las Vegas,” said Mark Jenkins, Senior Vice President of Development at Kite Realty Group Trust.  “It is an excellent addition to the high-quality merchandising mix and compelling shopper experience offered at Rampart Commons.”

About Kite Realty Group Trust:

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to tenants in desirable markets through our portfolio of open-air shopping centers. Using operational, development, and redevelopment expertise, we continuously optimize our portfolio to maximize value and return to our shareholders. As of March 31, 2018, the Company owned interests in 115 operating and redevelopment properties totaling approximately 22.5 million square feet and 2 development projects currently under construction totaling 0.7 million square feet.

For more information, please visit our website at kiterealty.com.

About Bluemercury:

Bluemercury was founded 1999 by Marla and Barry Beck, and is headquartered in Washington, D.C. Bluemercury is widely recognized as the nation’s largest and fastest-growing luxury beauty and spa retail chain. Bluemercury carries a selection of luxury beauty brands in a neighborhood store where skillfully trained beauty experts offer expert, honest beauty. In March of 2015, Bluemercury was acquired by Macy's Inc. (NYSE:M) and currently has 160 stores nationwide.

Contact Information: Kite Realty Group Trust     

                                               

Bryan McCarthy

SVP, Marketing & Communications

317.713.5692