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Dick's Sporting Goods inks agreement with Agree Realty

April 9, 2010 (United States Of America)

Agree Realty Corporation announced it has executed a lease with Dick's Sporting Goods, Inc. to occupy its former Circuit City space in Boynton Beach, Florida. Agree Realty will expand the existing 33,000 square foot space by approximately 11,000 square feet to accommodate Dick's.

"Dick's Sporting Goods is an excellent addition to this asset. We are extremely pleased to add them to our expanding roster of national retailers," said Joey Agree, President and Chief Operating Officer of Agree Realty. "Despite the challenging environment, our asset management team leased our only significant vacancy to the industry leader in sporting goods and apparel. With the execution of this lease, our portfolio's industry leading occupancy level has increased to 99%."

Agree Realty is engaged in the ownership, management and development of properties which are primarily single tenant properties leased to major retail tenants and neighborhood community shopping centers. Agree Realty owns and operates a portfolio of 72 properties, located in 15 states and containing approximately 3.5 million square feet of leasable space.

Agree Realty Corporation
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