CYPRESS, Texas, March 27 /PRNewswire-FirstCall/ -- Simon Property Group,
Inc. (NYSE: SPG) announced today that its Chelsea outlet division opened
Houston Premium Outlets(R), in Cypress, Texas. Located approximately 30 miles
west of Houston off US Route 290 at the new Fairfield Place Drive exit,
Houston Premium Outlets contains 427,000 square feet of gross leasable area
and 120 designer and brand-name outlet stores.
The Grand Opening celebration runs through Sunday, March 30 and features
live entertainment by popular area musicians, giveaways, store promotions and
more. Merchants include Ann Taylor, BCBG Max Azria, Banana Republic, Calvin
Klein, Coach, Cole Haan, Crocs, Elie Tahari, Juicy Couture, Kate Spade, Lucky
Brand Jeans, Michael Kors, Nike, True Religion and Waterford Wedgwood.
"With its strong offering of high-quality brands, we are confident that
Houston Premium Outlets will become a magnet destination for fashion and
value-conscious shoppers. Moreover, in addition to bringing a great new
outlet shopping venue to the Houston area, we are very pleased to be creating
approximately 800 new jobs," said John R. Klein, co-president of Chelsea.
Houston Premium Outlets is the 47th Premium Outlet Center worldwide.
Chelsea's industry-leading properties also include Woodbury Common Premium
Outlets (near New York City); Orlando Premium Outlets (Orlando, Florida);
Desert Hills Premium Outlets (near Palm Springs, California); Las Vegas
Premium Outlets (Las Vegas, Nevada); Wrentham Village Premium Outlets (near
Boston, Massachusetts); Gotemba Premium Outlets (near Tokyo, Japan); and Yeoju
Premium Outlets (near Seoul, Korea). Jersey Shore Premium Outlets is under
construction and scheduled to open November 2008 in Tinton Falls, New Jersey.
See www.premiumoutlets.com for more information.
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 380 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
website at www.simon.com.
SOURCE Simon Property Group, Inc.
Les Morris, Simon Property Group, +1-317-263-7711, lmorris@simon.com, or
Michele Rothstein, Chelsea, +1-973-228-6111, shopper@premiumoutlets.com
