✉news BusinessRetail first seen 2 d ago, last 2 d ago, peak #28
Kite Realty's Legacy West bet pays off as rents surge
Original: Kite Realty's bet on Legacy West pays off as retail rents surge
Kite Realty's investment in the Legacy West development in Plano, Texas is delivering strong returns, with retail rents at the mixed-use district rising sharply. The company's decision to back the open-air shopping and dining destination is being cited as a winning commercial real estate move as demand for premium retail space outpaces supply.
Why now: Rising retail rents are validating a high-profile real estate investment at a time of uncertainty for commercial property.
Kite RealtyLegacy WestPlano, Texas
Evidence
- Kite Realty's bet on Legacy West pays off as retail rents surge · The Business Journals
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