60,000-SF Redner's Opens in Shoppes at Valley Forge

PHOENIXVILLE, PA-Redner’s Warehouse Market opened a 60,000-sf store at theShoppes at Valley Forge, filling a vacated Ames store and completing theredevelopment of the shopping center, owned by Plymouth Meeting, PA-basedKramont Realty Trust. Kramont began renovating and “de-malling” the 177,389-sfshopping center in April 2002.

Redner’s, based in Reading, PA, operates 34 warehouse-type supermarkets and11 convenience stores throughout eastern PA and eastern NY. SuperValu, whichis the nation’s leading food distributor, is Redner’s lease guarantor at thislocation.

“With Redner’s, we expect to continue to grow our customer base and thefrequency of their visits to the center,” said George S. Demuth, Kramont’sEVP and COO. Staples and French Creek Outfitters are among the other tenants in thecenter.

Kramont owns, operates, manages or has under development 91 properties withan aggregate of approximately 11.6 million sf in 15 states. It specializesin neighborhood and community shopping centers and 75% of its properties aregrocery-, drug-, or value store-anchored.