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WASHINGTON PRIME GROUP SIGNS ROUND 1 AS LEAD TENANT TO REPLACE FORMER DEPARTMENT STORE SPACE

COLUMBUS, OH – July 10, 2017 – Washington Prime Group Inc. (NYSE: WPG) today announced its most recent redevelopment effort, an approximately $15M project anchored by the addition of Round 1, a fast-growing family entertainment concept, at Great Lakes Mall located in Mentor, OH. Brick-and-mortar is the primary channel to create memorable experiences with consumers, and the addition of this exciting entertainment use illustrates its essential role in the retail industry.

In addition to Round 1, the Company is in discussions with new tenants for a restaurant space that will be created adjacent to Round 1. The high-visibility anchor space was previously occupied by a Dillard’s Men’s Store. Dillard’s made the decision earlier this year to consolidate its department stores at Great Lakes Mall into a single renovated anchor space. In addition, a redeveloped outparcel will provide an opportunity to add a second new restaurant to this project to further diversify the mix of tenancy and drive traffic to the center.

Lou Conforti, CEO and Director: “Entertainment, food and beverage play an important role as we continue to diversify tenancy, as well as – plain and simple – make our assets more fun. The addition of Round 1 illustrates this objective via a dynamic venue catering to all ages with a bunch of cool activities from bowling to virtual gaming to karaoke. This newest addition to Great Lakes Mall also exhibits the adaptive reuse of former department store space.”

The 50,000 SF Round 1 will be the first location in Ohio and the second in Washington Prime Group’s portfolio. The Company announced in February 2017 the addition of Round 1 replacing a former department store space at Northwoods Mall, located in Peoria, IL.

Tony Pestyk, General Manager of Great Lakes Mall: “We are excited to welcome Round 1, as well as other future new tenants. This investment reflects our commitment to the community and will provide our guests with an increasingly dynamic environment in which to shop, dine and spend time together.”

Round One Entertainment Inc., the parent company of Round 1, was established in 1980 in Japan and currently has 113 locations with over 25M combined customer visits annually. The bowling and entertainment concept offers karaoke, ping-pong, dining, arcade games and more. The Great Lakes Mall location will represent its 23rd within the U.S. as the company embarks upon its rapid expansion plans.

Round 1 Coming Soon