Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Ramco Gershenson Properties Trust has reported results for the second quarter, with diluted FFOincreasing 7.7%, or approximately $1.097 million, to $15.3 million, compared with $14.2 million for the six months ended June 30, 1999. Total revenues increased 9.1%, or $3.87 million, to a total of$46.4 million, compared with $42.53 million in 1999.

Dennis Gershenson, president and CEO of Ramco-Gershenson, notes that currently the company has seven redevelopment projects under way at an estimated cost of $14.3 million. Projects commencingin the second quarter include:

Conyers Crossing, Conyers, GA. A lease has been signed for a 55,000-sf Hobby Lobby craft superstore. Hobby Lobby will occupy the space vacated by Upton’s department store and will join Kmart as an anchor at the center. A facade renovation of the center is also planned.

Sunshine Plaza, Tamarac, FL. Ramco-Gershenson has entered into an agreement with Publix Supermarket to build a new 51,000-sf store. Publix’s existing 37,000-sf store will be demolished toaccommodate the new facility.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.