CLEVELAND, May 24, 2011 /PRNewswire/ -- Forest City
Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that
subsidiaries have recently been awarded two retail property and
leasing management contracts.
(Logo: http://photos.prnewswire.com/prnh/20080515/FRSTCTYLOGO
)
The contracts are for The Shops at Tanforan, a
973,520-square-foot regional enclosed mall In San Bruno, Calif., and Town Square Las Vegas,
a 100-acre, open-air center with mix of retail, restaurant and
entertainment tenants, as well as Class A office space, in
Las Vegas, Nevada. Forest
City will provide property management and leasing management
services at both centers. In addition to these assignments,
Forest City also provides third-party property and leasing
management services for the 1.7 million-square-foot Southlands
mixed-use lifestyle center in southeast Denver, Colo.
"We're honored to have been selected for these assignments,
which are a testament to the strength and reputation of our retail
management and leasing teams," said David
J. LaRue, Forest City executive vice president and chief
operating officer. "As conditions continue to improve in
retail, property owners, including financial institutions, are
looking for opportunities to protect and enhance asset values.
By applying Forest City's experience and core strengths to
projects like these, we're able to help owners preserve and grow
value over the long term. Assignments like these also
leverage our capabilities and pool of talent, help nurture new,
long-term relationships, and generate fee income for Forest
City
About Forest City
Forest City Enterprises, Inc. is an NYSE-listed national real
estate company with $11.8 billion in
total assets. The Company is principally engaged in the ownership,
development, management and acquisition of commercial and
residential real estate and land throughout the United States. For more information, visit
http://www.forestcity.net.
SOURCE Forest City Enterprises, Inc.