Tuesday, March 19, 2013

KKR, Red Legacy ALIGNS with outlet industry veterans

 Legends Outlets Kansas City Leasing and Marketing Teams Announced
New York, March 15, 2013 – Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, “KKR”), a leading global investment firm, and RED Legacy, a real estate development firm, announced today the appointments of outlet retail industry veterans to spearhead leasing and marketing activity for newly-acquired Legends Outlets Kansas City, the greater metropolitan region’s only outlet shopping center located in Kansas City, KS.

“We’re confident in the know-how, skill and track-record our leasing and marketing partners bring to Legends Outlets Kansas City. We look forward to working with both teams to enhance our current offering and attract new visitors to Legends Outlets Kanas City,” said RED Legacy Managing Partner of Asset Management Chuck Oglesby.

· Responsible for directing all tenant and specialty leasing activity, RED Legacy Executive Vice President of Leasing Chris Speciale and Director of Leasing Lee Ra Johnson will comprise the outlet center’s leasing arm working to expand brand and entertainment choices while cementing Legends Outlets Kansas City’s position as the region’s premiere outlet shopping destination.

· Founded by Karen E. Fluharty, Strategy + Style Marketing Group will serve as the outlet center’s outsourced marketing department charged with the development of overall marketing strategy and executing consumer and business-to-business advertising, public relations, interactive and social communications and tourism marketing for the property.

Legends Outlets Kansas City is home to nearly 100 designer and brand name stores, restaurants and entertainment venues, including anchorstore Saks Fifth Avenue OFF 5TH, Ann Taylor Facotry Store, Banana Republic Factory Store, Cole Haan, Nike Factory Store, Polo Ralph Lauren Factory Store and Under Armour, among many more, where shoppers save up to 65 percent off regular retail prices. Please visit www.legendsshopping.com for more information.


Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with $75.5 billion in assets under management as of December 31, 2012. With offices around the world, KKR manages assets through a variety of investment funds and accounts covering multiple asset classes. KKR seeks to create value by bringing operational expertise to its portfolio companies and through active oversight and monitoring of its investments. KKR complements its investment expertise and strengthens interactions with fund investors through its client relationships and capital markets platform. KKR & Co. L.P. is publicly traded on the New York Stock Exchange (NYSE: KKR), and "KKR," as used in this release, includes its subsidiaries, their managed investment funds and accounts, and/or their affiliated investment vehicles, as appropriate. For additional information, please visit KKR's website at www.kkr.com.


Fired from the same single-minded drive that powered RED Development for more than 16 years, RED Legacy delivers shopping centers focused on rent growth and providing a unique customer experience. The newly created RED Legacy focuses on suburban and infill redevelopment opportunities. Under RED co-founder, Dan Lowe, RED Legacy engages in value-add projects with strong returns. Please visit www.redlegacy.com for more information.


Located in the heart of Village West at the intersection of Interstate 435 and Parallel Parkway just north of Interstate 70 in Kansas City, Kan., Legends Outlets Kansas City is home to nearly 100 leading designer and favorite brand name stores including Saks Fifth Avenue OFF 5TH, Banana Republic Factory Store, Gap Outlet, J.Crew | crewcuts, Nike Factory Store, Polo Ralph Lauren Factory Store, Tommy Hilfiger and Under Armour, among many more, which offer savings of up to 65 percent off regular retail prices. Also featuring a wide array of restaurant and entertainment venues, Legends Outlets Kansas City is the first collaboration between KKR, a leading global investment firm, and operating partner RED Legacy, a Kansas City-headquartered development company. Legends Outlets Kansas City is open Monday through Saturday 10 a.m. to 9 p.m. and Sunday 11 a.m. to 6 p.m. with some venues open extended hours. Please visit www.legendsshopping.com for a complete merchant directory, sale and event information and driving directions.

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