Developers Diversified Realty Announces Edwards Nampa Gateway Stadium 12 Theatre Is Now Open at Nampa Gateway Center in Nampa, Idaho

Developers Diversified Realty Announces Edwards Nampa Gateway Stadium 12 Theatre Is Now Open at Nampa Gateway Center in Nampa, Idaho

BEACHWOOD, Ohio, Nov. 18, 2010 /PRNewswire/ -- Developers Diversified Realty Corporation (NYSE: DDR) today announced that it has completed construction of the 52,000 square-foot Edwards Nampa Gateway Stadium 12 Theatre, now open at the Nampa Gateway Center, a 921,200 square-foot shopping center in Nampa, Idaho.

DDR Builders, a subsidiary of Developers Diversified, served as general contractor and oversaw the construction of the theater. A $12 million project, the new theater is the latest location by national theater operator, Regal Entertainment Group. In addition to the theater, approximately 30,000 square feet of complementary retail will be opening at the center.

"With a very compelling anchor store line-up, including the new Edwards Theatre, as well as JCPenney, Macy's, Sports Authority and Idaho Athletic Club we are creating a retail destination in Boise to appeal to a growing number of consumers focused on value, convenience and service," said Paul Freddo, senior executive vice president of leasing & development for Developers Diversified.

About Developers Diversified Realty

Developers Diversified owns and manages approximately 590 retail operating and development properties in 41 states, Brazil, Canada and Puerto Rico. Totaling more than 134 million square feet, the Company's shopping center portfolio features open-air, value-oriented neighborhood and community centers, mixed-use centers and lifestyle centers located in prime markets with stable populations and high-growth potential. Developers Diversified is the largest landlord in Puerto Rico and owns a premier portfolio of regional malls in and around Sao Paulo, Brazil. Developers Diversified is a self-administered and self-managed REIT operating as a fully integrated real estate company. Additional information about the Company is available on the Company's website at www.ddr.com.

SOURCE Developers Diversified Realty Corporation

Developers Diversified Realty Corporation

CONTACT: Scott Schroeder, Vice President of Marketing & Corporate Communications, Developers Diversified, +1-216-755-5500

Web Site: http://www.ddr.com

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