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Simon Property Group broke ground for Merrimack Premium Outlets, an upscale outlet shopping center in Merrimack, N.H. When completed, the 380,000-square-foot center will serve the Greater Boston and Nashua markets.
Merrimack Premium Outlets will be located on a 170-acre site off the F.E. Everett Turnpike in Hillsborough County and will feature approximately 100 outlet stores. Simon plans to open the center in 2012.
"Merrimack Premium Outlets will bring together an impressive collection of many of the finest brands, offering value, quality and selection all in one convenient location," said John R. Klein, CEO of Premium Outlets, Simon, in an official statement. "We are also pleased to begin a new project that is creating hundreds of new jobs and significant economic development for the area."
ALDI Signs First Regional Mall Lease
ALDI signed a 20,000-square-foot lease with the Westfield Group for its first store inside a regional mall at Westfield Chicago Ridge in Cook County, Ill. The supermarket will take the space that formerly housed Steve & Barry's. ALDI will open the store in May 2011.
"Introducing the new grocery category to our shopping centers is first and foremost a valuable new option for our customers, and a very positive move for our grocery store partners," said Chris Barnett, senior vice president with Westfield, in an official statement. "We plan to expand this concept throughout our U.S. portfolio and are...