Alexander’s Leases 135,000 Square Feet to Target at its Rego Park Shopping Center; Center is 99% Leased
Rhea-AI Summary
Alexander’s (NYSE: ALX) signed a 15-year lease, with renewal options, for 135,000 square feet with Target at its Rego Park Shopping Center in Queens, New York.
The 600,000 square foot open-air center is now 99% leased with a weighted average lease term of about 9.3 years.
Positive
- 15-year, 135,000 square foot lease signed with Target at Rego Park
- Rego Park Shopping Center occupancy reaches 99% including Target lease
- Weighted average lease term at Rego Park is approximately 9.3 years
- 600,000 square foot center anchored by multiple national retail tenants
Negative
- None.
News Market Reaction – ALX
In the Jun 30 session, ALX declined 2.13%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 28 | Asset sale completion | Positive | -1.5% | Closed Rego Park I sale with substantial proceeds and expected accounting gain. |
| May 04 | Quarterly earnings | Negative | -0.2% | Reported lower net income and FFO versus prior-year quarter. |
| Apr 29 | Dividend declaration | Positive | +0.4% | Declared regular quarterly $4.50 dividend on common shares. |
| Apr 21 | Earnings call notice | Neutral | +0.3% | Announced 10-Q timing and Vornado-managed quarterly conference call details. |
| Mar 09 | Asset sale agreement | Positive | +3.5% | Agreed to sell Rego Park I with sizable expected net proceeds and gains. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news has produced mostly modest, directionally consistent moves, with one notable negative reaction to an otherwise positive asset-sale announcement.
Key Terms
real estate investment trust financial
forward-looking statements regulatory
safe harbor regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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.
