Ramco-Gershenson Announces the Addition of a New Regal Theatre for the Town Center at Aquia Development in Stafford County, VA 
FARMINGTON HILLS, MI (REIT Media) May 15, 2008 - Ramco-Gershenson Properties Trust (NYSE:RPT) announced today that Regal Entertainment Group will open a new 14-screen, 55,000 square foot state-of-the-art theatre at The Town Center at Aquia, the Company’s new 725,000 square foot mixed-use development in Stafford County, Virginia. The new Regal theatre will provide the main entertainment draw for the project, which will include 350,000 square feet of Class-A office space, 250,000 square feet of specialty retail and 125,000 square feet of entertainment uses. The new theatre will replace Regal’s 10-screen facility that was part of the Company’s old retail center that is being demolished to make way for the new mixed-use development.
“We are pleased that the Regal Entertainment Group has agreed to remain a part of our Aquia project with a brand new, up-to-date cinema complex,” said Dennis Gershenson, President and Chief Executive Officer. “The signing of the new Regal agreement, as well as the completion of the first 100,000 square foot office building at the site, will provide positive momentum for the development. We are confident that The Town Center at Aquia will become the premier shopping, dining and entertainment venue in Stafford County, Virginia.”
The Town Center at Aquia is the Company’s exciting, new mixed-use project located along the high-growth I-95 corridor approximately 25 miles south of Washington D.C. and 5 miles southeast of The Marine Corps Base at Quantico. When complete, the development will encompass over 725,000 square feet of retail, office and entertainment space. Walkable streets, plush landscapes and park-like settings will decorate the complex to create a desirable live, work, shop environment.
About Ramco-Gershenson Properties Trust
Ramco-Gershenson Properties Trust, headquartered in Farmington Hills, Michigan, is a fully integrated, self-administered, publicly-traded real estate investment trust (REIT), which owns, develops, acquires, manages and leases community shopping centers, regional malls and single tenant retail properties, nationally. The Trust owns interests in 90 shopping centers totaling approximately 20.1 million square feet of gross leasable area in Michigan, Florida, Georgia, Ohio, Wisconsin, Tennessee, Indiana, New Jersey, Virginia, South Carolina, North Carolina, Maryland and Illinois.
For additional information regarding Ramco-Gershenson Properties Trust visit the Trust’s website at www.rgpt.com.
About Regal Entertainment Group
Regal Entertainment Group (NYSE: RGC) is the largest motion picture exhibitor in the world. The Company's theatre circuit, comprising Regal Cinemas, United Artists Theatres and Edwards Theatres, operates 6,763 screens in 551 locations in 39 states and the District of Columbia. Regal operates theatres in all of the top 33 and 44 of the top 50 U.S. designated market areas. We believe that the size, reach and quality of the Company's theatre circuit not only provide its patrons with a convenient and enjoyable movie-going experience, but is also an exceptional platform to realize economies of scale in theatre operations. Additional information is available on the Company's Web site at www.REGmovies.com.
This press release contains forward-looking statements with respect to the operation of certain of the Trust’s properties. Management of Ramco-Gershenson believes the expectations reflected in the forward-looking statements made in this press release are based on reasonable assumptions. Certain factors could occur that might cause actual results to vary. These include general economic conditions, the strength of key industries in the cities in which the Trust’s properties are located, the performance of the Trust’s tenants at the Trust’s properties and elsewhere and other factors discussed in the Trust’s reports filed with the Securities and Exchange Commission.
Contact:
Ramco-Gershenson Properties Trust
Dennis Gershenson, President & CEO
or Richard Smith, CFO, 248-350-9900
Fax: 248-350-9925
Source: Ramco-Gershenson Properties Trust
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May.15.2008. 17:09
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