CHICAGO, Jan. 5, 2012 /PRNewswire/ -- General Growth
Properties (NYSE: GGP) today announced the addition of Von Maur department store as an anchor to
Perimeter Mall, a premier Atlanta
mall with sales of more than $550 per
square foot. The new upscale department store is projected to
open in fall 2012. Von Maur will replace the soon to be vacant
Bloomingdale's location. Von
Maur joins a stellar retailer line-up that also includes Apple,
Nordstrom, Michael Kors, Sur La Table, and Forever 21 among many
others. Perimeter Mall is a 1.6 million square foot two-level
center north of downtown Atlanta.
"Our shoppers expect only the best in retail, dining, and above
all, unparalleled customer service," said Richard Pesin, executive vice president of
anchors and development for General Growth Properties,
Inc. "Von Maur combines
exceptional customer service with brand-name and high-quality
merchandise in an aesthetically pleasing environment to create a
shopping experience like no other. Adding Von Maur to the
retail line-up of Perimeter Mall further solidifies Perimeter Mall
as a premier shopping destination for all of Atlanta."
"We are excited about our expansion to Perimeter
Mall. General Growth's commitment to quality shopping centers
fits well with our plans for steady growth. We are a
destination in the markets we serve by providing customers with a
high level of service and a unique assortment of merchandise,"
stated Jim von Maur, president of
Von Maur.
ABOUT VON MAUR
A family-owned department store based in Davenport, Iowa, Von
Maur has grown to a 27 location chain with department stores
in Illinois, Indiana, Iowa, Kansas,
Kentucky, Michigan, Minnesota, Missouri, Nebraska, Ohio and Georgia. In November,
Von Maur opened its first
southeastern department store at GGP's North Point Mall in
Alpharetta, Georgia. Von Maur
has also announced expansion plans in Alabama and New York. Known for creating
an enjoyable and unique shopping experience, Von Maur's merchandise selection includes
national brands as well as unique specialty labels. Brand
offerings include labels such as Coach, Kate Spade, Free People, Eileen Fisher, and Tommy
Bahama. Von Maur also offers
exclusive amenities to its shoppers, such as a no interest, no fee
credit card; free shipping and free gift wrapping year-round; and
an in-store pianist during business hours.
ABOUT GGP
GGP is the second largest shopping center owner in the United
States. GGP has ownership and management interest in 167
regional and super regional shopping malls in 42 states. The
company portfolio totals 169 million square feet of space. A
publicly-traded real estate investment trust (REIT), GGP is listed
on the New York Stock Exchange under the symbol GGP.
CONTACT
MEDIA: Lesley Cheers,
corporate communications, 312.960.2646, lesley.cheers@ggp.com
INVESTORS: Kevin Berry,
investor relations, 312.960.5529, kevin.berry@ggp.com
SOURCE General Growth Properties