INDIANAPOLIS (Nov. 9, 2007) – Simon Property Group, Inc., (NYSE:SPG) the country's largest owner, developer and manager of high quality retail real estate announced today the next wave of retail openings, which will debut at the new lifestyle addition at Castleton Square during the holiday season.
When completed, Castleton Square's lifestyle center will include a 14-screen AMC Theatre, new restaurants, a featured Borders bookstore and more than 25,000 square feet of additional small shop retail space. Several stores plan to move into the lifestyle center or mall by year's end, including Bachrach, Moochie & Co., Kay Jewelers, H&M, Spicy Pickle, Johnny Rockets, Borders, RIDEMAKERZ, Houlihan's and Stir Crazy. Located in northeastern Indianapolis, Castleton Square is the largest mall in Indiana.
RIDEMAKERZ offers an interactive and innovative make-your-own model car retail-entertainment experience that is set to open in the mall.
Debuting in June 2007 in Myrtle Beach, S.C., RIDEMAKERZ opens its doors to the “Racing Capital of the World” as one of their first four storefronts nationwide on Saturday,
Nov. 17. Free wheel or radio controlled, street chassis or monster, RIDEMAKERZ offers complete personalization of all parts and accessories and an astounding 649 million distinct design possibilities.
Kay Jewelers has been presenting exceptional jewelry for more than 90 years. Offering fine jewelry at great prices, Kay Jewelers is the number one specialty jewelry brand in the United States with more than 800 stores.
Spicy Pickle restaurants serve made-to-order sandwiches with premium meats and Italian Artisan breads. Customers can choose from 10 different cheeses, 21 toppings and 15 proprietary spreads creating more than 150,000 combinations.
Johnny Rockets provides all-American food favorites in a nostalgic retro diner. Jukeboxes are on every table and customers can select songs for only a nickel. Items include fresh, hand-pressed hamburgers, American fries, hand-dipped shakes and malts and freshly baked apple pie. More than 13 million hamburgers are served each year.
Greenwood Park Mall is also building a lifestyle center that adds approximately 115,000 square feet of retail space. The lifestyle center's inaugural business, The Cheesecake Factory, opened Sept. 27. Specialty stores and restaurants will continue to open through spring 2008. Seventeen stores are scheduled to move into the lifestyle center, many prior to the holiday shopping season, such as Barnes & Noble, Stir Crazy, Coldwater Creek, JoS. A. Bank, Ann Taylor LOFT, Paradise Bakery & Café, Whitehall Jewelers, Inc., White House l Black Market, Chico's, Johnny Rockets, T-Mobile and Dr. Tavel. Greenwood Park Mall is located in Johnson County just minutes south of Indianapolis.
Anchor stores for both malls include Dick's Sporting Goods, JCPenney, Macy's, Sears and Von Maur.
About Simon Property Group
Simon Property Group, Inc. is an S&P 500 company and the largest public U.S. real estate company. Simon is a fully integrated real estate company, which operates from five retail real estate platforms: regional malls, Premium Outlet Centers®, The Mills®, community/lifestyle centers and international properties. It currently owns or has an interest in 379 properties comprising 258 million square feet of gross leasable area in North America, Europe and Asia. The Company is headquartered in Indianapolis, Indiana and employs more than 5,000 people worldwide. Simon Property Group, Inc. is publicly traded on the NYSE under the symbol SPG. For further information, visit the Company's Web site at www.simon.com.
Maureen Callahan
(317) 977-2206, ext. 246
E-mail: mcallahan@hirons.com
