From Simon Malls:
Simon Property Group, Inc. ("Simon") (NYSE:SPG) announced today that it has completed the acquisition of Paragon Outlets Grand Prairie in Grand Prairie, Texas and Paragon Outlets Livermore Valley in Livermore, California. Simon now owns 100% of each asset.
The 417,000 square foot Grand Prairie center, serving the Dallas-Fort Worth metropolitan area, is home to more than 100 leading designer and name brand outlet stores including Saks Fifth Avenue OFF 5TH, Bloomingdale's The Outlet Store, Coach, Cole Haan, DKNY, Hugo Boss, Kate Spade New York, J.Crew, Michael Kors, Nike and Tommy Hilfiger. The center opened in August of 2012 and is 100% leased.
The 512,000 square foot Livermore center, located in the affluent East Bay area of San Francisco, is home to 130 leading designer and name brand outlet stores including Saks Fifth Avenue OFF 5TH, Bloomingdale's The Outlet Store, Last Call by Neiman Marcus, Armani, Barneys New York, Coach, DKNY, Elie Tahari, Kate Spade New York, J.Crew, Lacoste, Michael Kors, Prada and Tommy Hilfiger. The center opened in November of 2012 and is 100% leased.
Simon has assumed management responsibilities and the centers will be renamed Grand Prairie Premium Outlets® and Livermore Valley Premium Outlets®.
"We are pleased to add these two highly productive centers to our portfolio," said John R. Klein, President of Simon's Premium Outlets platform. "The projects have been very well received by merchants and shoppers, they are wonderful additions to our business, and they will be immediately accretive to our earnings."
What do you think about the name change for the new outlet mall?
I never liked Paragon either. Was hoping for something more along the lines of "Santana Row"....... And was also hoping it would have looked and felt a little more like Santana Row too. If you haven't been there, it's beautiful. In San Jose. To the new owners...... For the love of peace, either keep te name as is, or come up with one better than this one! Awful!!
I have to quote you again. "Think before you post". Please take your own advice.
http://www.businessweek.com/magazine/content/10_43/b4200028789004.htm What you think you're buying may not be what you think.
Hello?!?!? McFly? Anyone home? I gave a constructiive "opinion"...... Something you seem to stray from every time I read your posts!! Put the drugs away...... You need all the brain cells you can get.
If you don't live here anymore, why do you care anyway? And mike s....... The mystery writer is most probably from the Simon Group. Making their own announcement. Businesses do it all the time. They're going to do what they want anyway. They really don't care what we think.
Damn those evil corporations for trying to make it easy for out of towners to immediately identify where a mall is. Burn them. But you don't really want people to shop there anyway. Right? Why don't they just name it VANCANT?
Living it up in my affluent city! ; ))