PARAMUS, N.J., June 29, 2026 (GLOBE NEWSWIRE) -- Alexander’s, Inc. (NYSE: ALX) announced today that it has completed a 15-year lease (with renewal options) with Target Corporation at its Rego Park Shopping Center located on Junction Blvd at the Long Island Expressway, in the middle of densely populated Queens, New York.
Rego Park Shopping Center is a multi-level, 600,000 square foot, blockbuster, open-air shopping center anchored by Costco, Burlington, Best Buy, Marshalls, T.J. Maxx, Aldi and Petco. Including Target, the center is 99% leased with a weighted average lease term of approximately 9.3 years.
Alexander’s, Inc. is a real estate investment trust that has four properties in New York City.
CONTACT:
GARY HANSEN
(201) 587-8541
Certain statements contained herein constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not guarantees of performance. They represent our intentions, plans, expectations and beliefs and are subject to numerous assumptions, risks and uncertainties. There can be no assurance that the actual results of such forward-looking statements will not differ materially from those reflected in such forward-looking statements. Our future results, financial condition and business may differ materially from those expressed in these forward-looking statements. Many of the factors that will determine the outcome of these and our other forward-looking statements are beyond our ability to control or predict. Currently, some of the factors are the Company’s operating results and business generally, and changes in the global, national, regional and local economies and financial markets and the real estate market in general. For further discussion of factors that could materially affect the outcome of our forward-looking statements, see "Item 1A. Risk Factors" in Part I of our Annual Report on Form 10-K for the year ended December 31, 2025. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by applicable securities laws.
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Alexander’s, Inc. Announces 15-Year Lease with Target at Rego Park Shopping Center in Queens
Alexander's, Inc. has signed a 15-year lease with Target at Rego Park Shopping Center, now 99% leased.
Quiver AI Summary
Alexander's, Inc. has finalized a 15-year lease agreement, with renewal options, with Target Corporation for its Rego Park Shopping Center in Queens, New York. This shopping center, which spans 600,000 square feet and features popular retailers such as Costco and Best Buy, is now 99% leased, highlighting its strong market presence. As a real estate investment trust managing four properties in New York City, Alexander's noted that the shopping center has a weighted average lease term of approximately 9.3 years. The release also includes cautionary statements regarding forward-looking statements, indicating potential uncertainties impacting future outcomes.
Potential Positives
Potential Negatives
FAQ
What recent lease agreement did Alexander's, Inc. announce?
Alexander's, Inc. announced a 15-year lease with Target Corporation at the Rego Park Shopping Center in Queens, New York.
What is the size of the Rego Park Shopping Center?
The Rego Park Shopping Center spans 600,000 square feet and features multiple retail anchors.
Who are the major tenants at Rego Park Shopping Center?
Major tenants include Costco, Burlington, Best Buy, Marshalls, T.J. Maxx, Aldi, Petco, and now Target.
How much of the Rego Park Shopping Center is currently leased?
The shopping center is 99% leased, reflecting strong demand for retail space in the area.
What type of company is Alexander's, Inc.?
Alexander's, Inc. is a real estate investment trust (REIT) with four properties in New York City.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
PARAMUS, N.J., June 29, 2026 (GLOBE NEWSWIRE) -- Alexander’s, Inc. (NYSE: ALX) announced today that it has completed a 15-year lease (with renewal options) with Target Corporation at its Rego Park Shopping Center located on Junction Blvd at the Long Island Expressway, in the middle of densely populated Queens, New York.
Rego Park Shopping Center is a multi-level, 600,000 square foot, blockbuster, open-air shopping center anchored by Costco, Burlington, Best Buy, Marshalls, T.J. Maxx, Aldi and Petco. Including Target, the center is 99% leased with a weighted average lease term of approximately 9.3 years.
Alexander’s, Inc. is a real estate investment trust that has four properties in New York City.
CONTACT:
GARY HANSEN
(201) 587-8541
Certain statements contained herein constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not guarantees of performance. They represent our intentions, plans, expectations and beliefs and are subject to numerous assumptions, risks and uncertainties. There can be no assurance that the actual results of such forward-looking statements will not differ materially from those reflected in such forward-looking statements. Our future results, financial condition and business may differ materially from those expressed in these forward-looking statements. Many of the factors that will determine the outcome of these and our other forward-looking statements are beyond our ability to control or predict. Currently, some of the factors are the Company’s operating results and business generally, and changes in the global, national, regional and local economies and financial markets and the real estate market in general. For further discussion of factors that could materially affect the outcome of our forward-looking statements, see "Item 1A. Risk Factors" in Part I of our Annual Report on Form 10-K for the year ended December 31, 2025. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by applicable securities laws.
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