OAK BROOK, Ill.--(BUSINESS WIRE)-- Retail Properties of America, Inc. (NYSE: RPAI) announced today the completion of multi-year lease extensions among its wholly-owned subsidiaries, and Aon Corporation for approximately 819,000-square-feet in Lincolnshire, IL.

“The completion of these lease extensions with Aon Corporation speaks to the Class A attributes of the property as well as its ideal location and access,” said Gerry Wright, Senior Vice President for RPAI.

John Nugent of CBRE represented the tenant in the transactions. RPAI was self represented.

“The execution of these transactions demonstrates our commitment to maximizing shareholder value through focused, proactive asset management. Additionally, these leases represent the successful renewal of our largest tenant in the non-core portfolio, and we will continue to execute on our strategic plan by bringing these assets to market in the very near future,” said Shane Garrison, Executive Vice President and Chief Operating Officer for RPAI.

About RPAI

Retail Properties of America, Inc. (NYSE: RPAI) is a fully integrated, self-administered and self-managed real estate investment trust hat owns and operates high quality, strategically located shopping centers across 35 states. The company is one of the largest owners and operators of shopping centers in the United States. Additional information about the company is available at http://www.rpai.com.

About Aon

Aon Corporation is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 61,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world's best broker, best insurance intermediary, reinsurance intermediary, captives manager and best employee benefits consulting firm by multiple industry sources. Visit http://www.aon.com for more information on Aon and http://www.aon.com/manchesterunited to learn about Aon's global partnership and shirt sponsorship with Manchester United.

Forward-Looking Statements

The statements and certain other information contained in this press release, which can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “continue,” “remains,” “intend,” “aim,” “towards,” “should,” “prospects,” “could,” “future,” “potential,” “believes,” “plans,” “goal,” “initiative,” “likely,” “anticipate,” and “probable,” or the negative thereof or other variations thereon or comparable terminology, constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. These statements should be considered as subject to the many risks and uncertainties that exist in the Company’s operations and business environment. Such risks and uncertainties could cause actual results to differ materially from those projected. These uncertainties include, but are not limited to, that the closing of the aforementioned offering is subject to, among other things, standard closing conditions and customary rights of the underwriters to terminate the underwriting agreement due to any outbreak or escalation of hostilities or any change in financial markets or any calamity or crisis, either within or outside the United States, and other risks and uncertainties detailed from time to time in the Company's filings with the Securities and Exchange Commission. The Company does not undertake any duty to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Retail Properties of America, Inc.
Cherilyn Megill, (630) 645-7247
Cherilyn.Megill@rpai.com

Source: Retail Properties of America, Inc.