|New Retailers and Eateries Announced at Palms Crossing|
Best Buy to Debut This Fall
McAllen, TX (May 19, 2008) – The excitement continues to build at Palms Crossing as new retail and restaurant options open or will be greeting guests in the very near future. Palms Crossing, which opened in November 2007, is a 396,000 square foot community center, located adjacent to the McAllen Convention Center. Palms Crossing has been developed by Simon Property Group, Inc. (NYSE:SPG), the country’s largest owner, developer and manager of high quality retail real estate.
Coming soon to Palms Crossing are two great restaurant concepts – Copper Canyon Restaurant and Kumori Sushi. Diners will have a great deal to choose from at these two concepts, both of which are making their Valley debuts. More restaurants are on tap for this fall including Cheddar’s Casual Café, Chuck E Cheese, McAlister’s Deli and Starbucks.
Patrons who want to look good for summer can soon stop in at Sport Clips Hair Salon and opening this fall will be Best Buy, just in time to buy the latest electronic equipment for football season.
There has been no shortage of great openings in recent months at Palms Crossing. New food offerings include La Parrilla Grill, Macaroni Grill and Ben & Jerry’s. Alfred Angelo Bridal Boutique, Bath & Body Works and Sleep Number Mattresses By Select Comfort are greeting many customers who are becoming familiar with their merchandise.
“Palms Crossing enjoyed a strong opening late last year and these new options just enhance the total experience,” said Patrick O’Hara, senior leasing representative in Simon’s community/lifestyle centers division.
Palms Crossing is anchored by Babies “R” Us, Barnes & Noble, Beall’s, Cavender’s Boot City, DSW Shoe Warehouse, Guitar Center, Sports Authority and Ulta Salon Cosmetics & Fragrance.
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 382 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.
Ashley Pearce, Dancie Ware Public Relations