Simon's Chelsea Division Expands Orlando Premium Outlets(R)
INDIANAPOLIS--(BUSINESS WIRE)--Nov. 6, 2008--Simon Property Group,
Inc. (NYSE: SPG) announced today that its Chelsea outlet division
opened the second phase of Orlando Premium Outlets(R), in Orlando,
Florida. The 114,000 square-foot expansion brings the property to a
total of 550,000 square feet of gross leasable area (GLA) and 150
stores. It also includes the construction of a four-level parking
garage which opened in 2007 in advance of the expansion.
The center is located off Interstate 4 at Exit 68 near State Route
535 midway between Walt Disney World and SeaWorld with direct access
from International Drive.
Orlando Premium Outlets opened in 2000 and has had a strong
following of domestic and international shoppers ever since. With
sales exceeding $1,000 per square foot, it is widely considered among
the most productive outlet centers in the United States. Existing
merchants include Adidas, Barneys New York, Burberry, Coach, Cole
Haan, Diesel, Dior, DKNY, Dooney & Bourke, Etro, Fendi, Gap Outlet,
Giorgio Armani, Hugo Boss, Kenneth Cole, Lacoste, Lucky Brand Jeans,
MaxMara, Movado, Nike, Polo Ralph Lauren, Salvatore Ferragamo, Theory,
Tod's, Tommy Hilfiger and Zegna.
Phase II is 100% leased and adds 40 new merchants including
Columbia Sportswear Company, Converse, Crocs, Eddie Bauer, Frette,
Geox, J.Crew, Joe's Jeans, LeSportsac, Loft Outlet, M + F Girbaud,
Oakley Vault, Seiko, Wolford and Y-3. The expansion includes a new
children's play area.
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(R), The Mills(R),
community/lifestyle centers and international properties. It currently
owns or has an interest in 386 properties comprising 263 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.
CONTACT: Simon Property Group
Les Morris, 317-263-7711
Chelsea Property Group
Michele Rothstein, 973-228-6111