Prime Retail News
Saks Fifth Avenue OFF 5TH Signs with Prime Outlets - Grand Prairie
GRAND PRAIRIE, Texas, May 19 PRNewswire — Prime Retail, one of the largest developers of outlet centers in the country, announced today Saks Fifth Avenue OFF 5TH will open a 28,000 square foot anchor store location at its newest center, Prime Outlets - Grand Prairie. The $100 million development project will serve the Dallas/Forth Worth market and is expected to open to shoppers for the 2009 holiday season.
Featuring approximately 120 outlet stores and a gross leasable area of 485,000 square feet, Prime Outlets - Grand Prairie will be located on Interstate 20 at the intersection of State Highway 360 (Great Southwest Parkway exit).
"We are delighted to announce Saks Fifth Avenue OFF 5TH as a defining, important retailer anchor store," said Senior Vice President of Marketing Karen Fluharty. "We are creating a well-tenanted outlet center in Grand Prairie and the addition of Saks Fifth Avenue OFF 5TH represents our commitment to offer shoppers the most compelling, well-priced collection of top designers and leading brand-names."
About Prime Retail
Headquartered in Baltimore, 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 more than eight million square feet throughout major United States markets and Puerto 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. The company owns and operates 21 Prime Outlets in markets including Orlando, San Marcos, Texas, Williamsburg, Va., and Grove City, Pa. 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 http://www.primeretail.com.
SOURCE Prime Retail
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