PHILADELPHIA, Oct. 29, 2019 /PRNewswire/ -- Fashion
District Philadelphia, a joint venture partnership between PREIT
and Macerich, today announced that international fast fashion
retailer Primark will anchor the west end of the project with a
high-profile location at the corner of 11th and Market
along with two other catalyst tenants also joining the rapidly
expanding line-up of offerings. Alongside the addition of Primark
will be cosmetic and beauty supply giant Sephora and designer
apparel company Kate Spade New York Outlet.
Adored by fashion fans and value seekers alike, Primark
is widely established as the destination store for keeping up with
the latest looks without breaking the bank. Primark joins fellow
fast-fashion tenants Forever 21 and H&M to round out an array
of stylish and affordable apparel options at Fashion District
Philadelphia. This is Primark's only store in downtown Philadelphia, with two other stores operating
in the region.
"Fashion District is quickly becoming a new retail and
entertainment icon with unique and accessible tenancy delivering
mass appeal and first-rate social experiences, having already
welcomed over one million visitors since opening," said
Joseph F. Coradino, CEO of PREIT.
"Primark is a global company that is just starting to make its mark
in the United States and there is
no better place than Philadelphia
to test out some of the world's latest fashion trends. The
additions of Sephora and Kate Spade New York Outlet continue to
bolster the District's already in-demand and engaging line-up of
offerings."
Featuring nearly 300 brands along with its own private label,
Sephora offers beauty products including cosmetics,
skincare, body, fragrance, nail color, beauty tools and haircare.
This will be Sephora's second Center
City location.
Since its launch in 1993 with a collection of six essential
handbags, Kate Spade New York has always stood for
optimistic femininity. Today, the brand is a global life and style
house with handbags, ready-to-wear, jewelry, footwear, gifts, home
décor and more. Polished ease, thoughtful details and a modern,
sophisticated use of color—Kate Spade New York's founding
principles define a unique style synonymous with joy.
The District launched on September 19,
2019 – followed by a yearlong series of new additions later
in 2019 and in 2020. Most recently, the District welcomed a
new Forever 21 and will soon welcome RECPhilly and new-to-market
tenants – AMC Theatres in November
2019 and Wonderspaces and Round One in December.
About Fashion District Philadelphia
Fashion District
Philadelphia is the first robust retail and entertainment offering
of its kind in Downtown
Philadelphia. Spanning three city blocks, The District will
feature over 800,000 square feet of dynamic offerings including
flagship, traditional full price, off-price and branded outlet
retail, experiential dining and entertainment, along with public
art and evolving cultural events. With a prime location in
Center City, The District is just
steps away from Philadelphia's
historic district and connected to Reading Terminal, the
Pennsylvania Convention Center and
SEPTA's Jefferson station – a convenient, transit-oriented location
offering accessibility for millions of Philadelphia residents, commuters and
visitors. Additional information is available at
www.fashiondistrictphiladelphia.com or on Facebook,
Twitter or Instagram.
About PREIT
PREIT (NYSE:PEI) is a publicly traded real
estate investment trust that owns and manages quality properties in
compelling markets. PREIT's robust portfolio of carefully curated
retail and lifestyle offerings mixed with destination dining and
entertainment experiences are located primarily in the densely
populated eastern U.S. with concentrations in the mid-Atlantic's
top MSAs. Since 2012, the company has driven a transformation
guided by an emphasis on portfolio quality and balance sheet
strength driven by disciplined capital expenditures. Additional
information is available at www.preit.com or
on Twitter or LinkedIn.
About Macerich
Macerich, an S&P 500 company, is a
fully integrated self-managed and self-administered real estate
investment trust, which focuses on the acquisition, leasing,
management, development and redevelopment of regional malls
throughout the United States.
Macerich currently owns 51 million square feet of real estate
consisting primarily of interests in 47 regional shopping centers.
Macerich specializes in successful retail properties in many of the
country's most attractive, densely populated markets with
significant presence on the West Coast, Arizona, Chicago and the Metro New York to Washington, DC corridor. A recognized
leader in sustainability, Macerich has earned Nareit's prestigious
"Leader in the Light" award every year from 2014-2018. For the
fifth straight year in 2019 Macerich achieved the #1 GRESB ranking
in the North American Retail Sector, among many other environmental
accomplishments. Additional information about Macerich can be
obtained from the Company's website at www.Macerich.com
Media Contact:
Brownstein Group on behalf of
Fashion District Philadelphia
FDP@brownsteingroup.com
215-735-3470
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SOURCE Fashion District Philadelphia