Article: REPEAT/ Urstadt Biddle Properties Inc. Signs Leases With Old Navy and Linens 'N Things Totaling 62,000 Square Feet At Townline Shopping Center, Meriden, Connecticut.

Business Editors

REPEATING...

GREENWICH, Conn.--(BUSINESS WIRE)--January 19, 2001

Urstadt Biddle Properties Inc., a real estate investment trust (NYSE: UBP and UBP.A) announced it has signed two leases totaling 62,000 square feet of retail space at its Townline Square Shopping Center in Meriden, Connecticut with a combined value of $5.8 million.

Old Navy, a division of The Gap, Inc. has signed a 10 year lease for a 25,000 square foot store and Linens 'N Things signed a 10 year lease for a 37,000 square foot store. Linens 'N Things opened in December. 2000 and Old Navy is expected to open in Spring 2001. Both stores will occupy space ...

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