Published:
Prime Retail Closes on Land to Begin Development of Region's Largest Outlet Center
GRAND PRAIRIE, Texas, Aug. 20 /PRNewswire/ -- Prime Retail, one of the
nation's leading developers of outlet centers, announced today the company
closed on more than 64 acres of land to begin development of Prime Outlets --
Grand Prairie, the region's largest outlet shopping destination serving the
Dallas/Fort Worth market with a gross leasable area of 485,000 square feet.
Slated to open to shoppers in time for the 2009 holiday shopping season,
Prime Outlets -Grand Prairie will be located on Interstate 20 at the
intersection of State Highway 360 (Great Southwest Parkway exit). The company
will begin construction this fall.
According toCity of Grand Prairie Mayor Charles England, "Not only will
Prime Outlets -Grand Prairie bring approximately 2,000 temporary and
permanent jobs to our region, but the new upscale outlet center will fast
become a popular destination adding to our city's growing tourist market which
currently draws six million visitors annually."
Designed as a series of connected arcades and courtyards in a continuous
open-air loop configuration, Prime Outlets-Grand Prairie will feature
approximately 120 outlet stores including anchors Neiman Marcus Last Call and
Saks Fifth Avenue OFF 5TH; 2,700 parking spaces; an on-site food court; and
restaurant sites surrounding the outlet center.
"Our mission is to offer theDallas/Fort Worth market a large,
well-tenanted outlet shopping center that offers local shoppers and tourists a
compelling collection of the world's top designer and brand-name stores," said
Prime Retail Chief Operating Officer Nicholas King. "We look forward to
breaking ground to begin construction this fall."
About Prime Retail
Headquartered inBaltimore, Md., Prime Retail is the parent company of
Prime Outlets and one of the largest and most successful owners of retail
centers in the U.S. Spanning approximately 15 million square feet throughout
majorUnited States markets andPuerto Rico, Prime Retail recently added top
designer and brand name stores including Giorgio Armani General Store, Gucci,
Michael Kors, Polo Ralph Lauren Factory Store, Salvatore Ferragamo Company
Store, Zegna Outlet and many more to its portfolio. Adding nearly two million
square feet over the next several years, Prime Retail is positioned to become
the leading retail outlet company in the industry. For more information,
please visit www.primeretail.com.
SOURCE Prime Retail
Copyright © 2009, PRNewswire
Copyright © 2009, NewsBlaze,
Daily NewsTags: ,REA,CST,PDT,TX-PrimeRetail-outlet
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