DDR Expands Partnership with Tesla

BEACHWOOD, OH--April 24, 2014: DDR Corp. is pleased to announce the installation of the third Tesla Supercharger station in the Company's portfolio. The new Supercharger station is located at Hamilton Marketplace in Hamilton, NJ and represents the third state where a flagship Supercharger station has been activated at a DDR shopping center, following Virginia and Ohio. Based on current conversations, the relationship could expand to several more locations across the country by year-end.

"We are very proud of our relationship with Tesla and look forward to expanding our involvement across the country as Tesla seeks to broaden its charging network," commented Joe Tichar, senior vice president of corporate operations for DDR. "DDR shopping centers thrive on offering value and convenience to the consumer. Our retail partners provide the outstanding value through their merchandise offerings while Tesla validates the convenience of our prime locations by positioning charging stations that are carefully selected to meet their owners' needs."

Hamilton Marketplace is a 1-million-square-foot power center located along Interstate 195 and U.S. 130 in Hamilton, NJ. The shopping center is 100% leased and anchored by national retailers including Walmart, Kohl's, BJ's, Lowe's, Ross Dress for Less, Bed Bath & Beyond, PetSmart, Michaels, Old Navy, and Pier 1 Imports and features several restaurants including Chick-fil-A, Panera, Red Robin, Cracker Barrel, Longhorn Steakhouse, Ruby Tuesday and Chili's.

Tesla Superchargers allow Model S owners to recharge their vehicles free of charge while traveling between cities along major highways in North America. Supercharger stations are strategically placed to enable owners to drive from station to station with minimal stops, and are conveniently located near amenities including roadside diners, cafes, and shopping centers.

In addition to the Tesla Superchargers, DDR has also installed four Volta charging stations in Arizona that accommodate a variety of electric vehicles from various manufacturers.