PANAMA CITY BEACH, Fla., May 1 /PRNewswire-FirstCall/ -- Simon Property
Group, Inc. (NYSE: SPG), the country's largest owner, developer and manager of
high quality retail real estate, today announced the opening of Pier Park, a
900,000 square-foot, open-air lifestyle center that combines the best in
shopping, dining and entertainment -- all situated across the street from some
of the world's most beautiful beaches.
Pier Park is anchored by Dillard's, Target, JCPenney, Borders, Old Navy,
Ron Jon Surf Shop, The Grand 16 Theatres and Jimmy Buffett's Margaritaville.
There will be nearly 100 retailers at Pier Park, with approximately half
making their first appearance in this vibrant market.
Small shop fashion retailers include Aeropostale, American Eagle
Outfitters, Cache, Chico's, Coldwater Creek, New York & Company and Victoria's
Secret. The plentiful restaurant options include Back Porch Seafood House,
Hofbrau Beer Garden and Reggae J's Island Grill.
"Pier Park is a great attraction and will become a destination for this
region's many tourists throughout the year as well as year-round residents,"
said Myles H. Minton, president of SPG's community/lifestyle division. "We're
thrilled with the great reception we've received from both of these
constituencies."
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(R), The Mills(R), community/lifestyle centers and international
properties. It currently owns or has an interest in 381 properties comprising
260 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
website at www.simon.com.
SOURCE Simon Property Group, Inc.
-0- 05/01/2008
/CONTACT: Les Morris of Simon Property Group, +1-317-263-7711,
lmorris@simon.com/
/Web site: http://www.simon.com /
(SPG)
