Boston, MA 04\/30\/2014 (wallstreetpr) –\u00a0DDR Corp (NYSE:DDR) <\/b>now added Tesla Supercharger into its portfolio and expects to expand to more locations across the U.S. by 2014. The installation of third charging station at Hamilton Marketplace, Hamilton, New Jersey, and becomes the third state to activate the charging station at DDR shopping center after Virginia and Ohio.<\/p>\n
In addition to Tesla Superchargers, DDR has already installed four Volta charging station in Arizona to accommodate a variety of electric vehicles.<\/p>\n
Tesla\u2019s charging station<\/b><\/p>\n
Supercharger stations deliberately place near shopping centers, cafes and roadside diners that help the owners to recharge their vehicles with free of cost while travelling one station to another across North America with minimal stops.<\/p>\n
The relationship with Tesla offer value added services of merchandising to DDR\u2019s customers by providing charging station at prime locations including shopping centers and highways. On the other end, Tesla also expands their charging network across the country while associating with retail partners.<\/p>\n
Power centers<\/b><\/p>\n
Power centers are more convenient than grocery anchored centers that offer a variety merchandise services including food and services. It provides an economic of scale for co-tenancy that converts sales to profit and provide high operating margin of 9-12% compared to grocery tenants (2-3%), department store tenants (5-7%) and mall tenants (7-9%). So, the power center anchors continue to occupy space faster than other types of retail properties.<\/p>\n
DDR Corp (NYSE:DDR) currently owns 406 shopping centers that represent 113 million square feet of leased and owned property in 39 states across the U.S., Brazil and Puerto Rico. The Company\u2019s assets are well placed in high barrier to entry market and anchored by leading retailers in the U.S. The assets including Hamilton Marketplace have high growth potential that can create long-term shareholder\u2019s value.<\/p>\n
Conclusion<\/b><\/p>\n
DDR Corp (NYSE:DDR) continues to invest in prime power centers located near large marketplaces that include large retailers that provide convenient services and meet the consumer\u2019s needs.<\/p>\n
Correction:\u00a0DDR Corp (NYSE:DDR) currently owns 396 shopping centers that represent 108 million square feet of leased and owned property in 39 states across the U.S. and Puerto Rico.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Boston, MA 04\/30\/2014 (wallstreetpr) –\u00a0DDR Corp (NYSE:DDR) now added Tesla Supercharger into its portfolio and expects to expand to more locations across the U.S. by […]<\/p>\n","protected":false},"author":12,"featured_media":20720,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[6224,6225],"stock_ticker":[],"class_list":["post-20719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-ddr-corp-nyseddr","tag-nyseddr","entry"],"acf":[],"yoast_head":"\n