{"success":true,"data":{"pressRelease":{"id":"75942","rtpr_id":"nGNX2ZjCtR","ticker":"ALX","exchange":"NYSE","all_tickers":["ALX"],"title":"Alexander’s Leases 135,000 Square Feet to Target at its Rego Park Shopping Center; Center is 99% Leased","author":"Globe Newswire","published_at":"2026-06-29T21:22:19.090Z","article_body":"PARAMUS, N.J., June 29, 2026 (GLOBE NEWSWIRE) -- Alexander’s, Inc. (NYSE:\nALX) announced today that it has completed a 15-year lease (with renewal\noptions) with Target Corporation at its Rego Park Shopping Center located on\nJunction Blvd at the Long Island Expressway, in the middle of densely\npopulated Queens, New York.\n\nRego Park Shopping Center is a multi-level, 600,000 square foot, blockbuster,\nopen-air shopping center anchored by Costco, Burlington, Best Buy, Marshalls,\nT.J. Maxx, Aldi and Petco. Including Target, the center is 99% leased with a\nweighted average lease term of approximately 9.3 years.\n\nAlexander’s, Inc. is a real estate investment trust that has four properties\nin New York City.\n\nCONTACT:\nGARY HANSEN\n(201) 587-8541\n\nCertain statements contained herein constitute forward-looking statements as\nsuch term is defined in Section 27A of the Securities Act of 1933, as amended,\nand Section 21E of the Securities Exchange Act of 1934, as amended.\nForward-looking statements are not guarantees of performance. They represent\nour intentions, plans, expectations and beliefs and are subject to numerous\nassumptions, risks and uncertainties. There can be no assurance that the\nactual results of such forward-looking statements will not differ materially\nfrom those reflected in such forward-looking statements. Our future results,\nfinancial condition and business may differ materially from those expressed in\nthese forward-looking statements. Many of the factors that will determine the\noutcome of these and our other forward-looking statements are beyond our\nability to control or predict. Currently, some of the factors are the\nCompany’s operating results and business generally, and changes in the\nglobal, national, regional and local economies and financial markets and the\nreal estate market in general. For further discussion of factors that could\nmaterially affect the outcome of our forward-looking statements, see \"Item 1A.\nRisk Factors\" in Part I of our Annual Report on Form 10-K for the year ended\nDecember 31, 2025. For these statements, we claim the protection of the safe\nharbor for forward-looking statements contained in the Private Securities\nLitigation Reform Act of 1995. All subsequent written and oral forward-looking\nstatements attributable to us or any person acting on our behalf are expressly\nqualified in their entirety by the cautionary statements contained or referred\nto in this section. The Company undertakes no obligation to publicly update\nany forward-looking statement, whether as a result of new information, future\ndevelopments or otherwise, except as may be required by applicable securities\nlaws.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/79e655cc-f318-4e86-bcbd-333142776155)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX2ZjCtR","title":"Alexander’s Leases 135,000 Square Feet to Target at its Rego Park Shopping Center; Center is 99% Leased","author":"Globe Newswire","ticker":"ALX","created":"2026-06-29T21:22:19.090Z","tickers":["ALX"],"exchange":"NYSE","article_body":"PARAMUS, N.J., June 29, 2026 (GLOBE NEWSWIRE) -- Alexander’s, Inc. (NYSE:\nALX) announced today that it has completed a 15-year lease (with renewal\noptions) with Target Corporation at its Rego Park Shopping Center located on\nJunction Blvd at the Long Island Expressway, in the middle of densely\npopulated Queens, New York.\n\nRego Park Shopping Center is a multi-level, 600,000 square foot, blockbuster,\nopen-air shopping center anchored by Costco, Burlington, Best Buy, Marshalls,\nT.J. Maxx, Aldi and Petco. Including Target, the center is 99% leased with a\nweighted average lease term of approximately 9.3 years.\n\nAlexander’s, Inc. is a real estate investment trust that has four properties\nin New York City.\n\nCONTACT:\nGARY HANSEN\n(201) 587-8541\n\nCertain statements contained herein constitute forward-looking statements as\nsuch term is defined in Section 27A of the Securities Act of 1933, as amended,\nand Section 21E of the Securities Exchange Act of 1934, as amended.\nForward-looking statements are not guarantees of performance. They represent\nour intentions, plans, expectations and beliefs and are subject to numerous\nassumptions, risks and uncertainties. There can be no assurance that the\nactual results of such forward-looking statements will not differ materially\nfrom those reflected in such forward-looking statements. Our future results,\nfinancial condition and business may differ materially from those expressed in\nthese forward-looking statements. Many of the factors that will determine the\noutcome of these and our other forward-looking statements are beyond our\nability to control or predict. Currently, some of the factors are the\nCompany’s operating results and business generally, and changes in the\nglobal, national, regional and local economies and financial markets and the\nreal estate market in general. For further discussion of factors that could\nmaterially affect the outcome of our forward-looking statements, see \"Item 1A.\nRisk Factors\" in Part I of our Annual Report on Form 10-K for the year ended\nDecember 31, 2025. For these statements, we claim the protection of the safe\nharbor for forward-looking statements contained in the Private Securities\nLitigation Reform Act of 1995. All subsequent written and oral forward-looking\nstatements attributable to us or any person acting on our behalf are expressly\nqualified in their entirety by the cautionary statements contained or referred\nto in this section. The Company undertakes no obligation to publicly update\nany forward-looking statement, whether as a result of new information, future\ndevelopments or otherwise, except as may be required by applicable securities\nlaws.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/79e655cc-f318-4e86-bcbd-333142776155)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-06-29T21:22:19.123832274Z","server_sent_at_ms":1782768139123},"received_at":"2026-06-29T21:22:19.175Z","source_url":null},"analysis":{"id":"65221","press_release_id":"75942","analysis_json":{"industry":{"label":"Retail REITs","sector":"Real Estate"},"redFlags":[],"eventType":"operations_update","narrative":"Alexander’s executed a 15-year lease with Target Corporation for its Rego Park Shopping Center in Queens, New York.\n\nThe 600,000 square foot open-air center is now 99% leased with a weighted average lease term of approximately 9.3 years.\n\nOther anchor tenants at the densely populated property include Costco, Burlington, Best Buy, Marshalls, T.J. Maxx, Aldi, and Petco.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Long-term Target lease drives Rego Park center to 99% occupancy, bolstering portfolio stability."},"keyFigures":{"customDimensions":{"occupancy_rate":"99%","lease_term_years":15,"total_properties":4,"property_size_sqft":600000,"weighted_average_lease_term_years":9.3}},"quotedText":"","namedEntities":{"people":[],"products":[],"companies":[{"name":"Target Corporation","relationship":"tenant"},{"name":"Costco","relationship":"tenant"},{"name":"Burlington","relationship":"tenant"},{"name":"Best Buy","relationship":"tenant"},{"name":"Marshalls","relationship":"tenant"},{"name":"T.J. Maxx","relationship":"tenant"},{"name":"Aldi","relationship":"tenant"},{"name":"Petco","relationship":"tenant"}],"dollarAmounts":[]},"materialImpact":{"score":4,"reasoning":"Secured a 15-year lease with Target Corporation, pushing the Rego Park Shopping Center to 99% occupancy. This represents a significant de-risking and cash flow stabilization event for a REIT with a portfolio of only four properties."},"tickerRelevance":{"others":[],"primary":"ALX"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","assetQuality":"nyc-anchored-center","eventGravity":"major-lease-signing","sectorWeight":"reits"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":4,"narrative":"Alexander’s executed a 15-year lease with Target Corporation for its Rego Park Shopping Center in Queens, New York.\n\nThe 600,000 square foot open-air center is now 99% leased with a weighted average lease term of approximately 9.3 years.\n\nOther anchor tenants at the densely populated property include Costco, Burlington, Best Buy, Marshalls, T.J. Maxx, Aldi, and Petco.","key_figures":{"customDimensions":{"occupancy_rate":"99%","lease_term_years":15,"total_properties":4,"property_size_sqft":600000,"weighted_average_lease_term_years":9.3}},"named_entities":{"people":[],"products":[],"companies":[{"name":"Target Corporation","relationship":"tenant"},{"name":"Costco","relationship":"tenant"},{"name":"Burlington","relationship":"tenant"},{"name":"Best Buy","relationship":"tenant"},{"name":"Marshalls","relationship":"tenant"},{"name":"T.J. Maxx","relationship":"tenant"},{"name":"Aldi","relationship":"tenant"},{"name":"Petco","relationship":"tenant"}],"dollarAmounts":[]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-29T21:24:17.652Z","global_importance":25,"audience_relevance":20,"importance_components":{"tickerTier":"mid-cap","assetQuality":"nyc-anchored-center","eventGravity":"major-lease-signing","sectorWeight":"reits"}},"durationMs":118470,"modelName":"george-droid-qwen-72b"}}