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Simon Property Group Inc. opened the second phase of Houston Premium Outlets in Cypress, Texas. Phase II added 114,000 square feet to the center, for a total GLA of 541,000 square feet. Phase I opened in 2008.
The expansion included leases with 25 new retailers, among them Saks Fifth Avenue Off 5th, A/X Armani Exchange, American Eagle Outfitters, Chico's, David Yurman, Ed Hardy, Esprit, Haggar Clothing Co., J.Crew, Jockey, Joe's Jeans, Jos. A. Bank, Lacoste, Merrell, Nautica, New York & Company, Nestle Toll House by Chip, Original Penguin, Talbots, Tory Burch, Tumi, White House/Black Market and Wilsons Leather.
"We are thrilled that our center is providing not only great outlet shopping but is also supporting the community by creating new jobs and assisting in the overall economic growth for the area," said John R. Klein, CEO of Premium Outlets, the outlet division of Simon, in a statement. "The expansion of the center will enable us to enhance these benefits."
The opening of phase II of Houston Premium Outlets has created more than 250 new retail jobs.
Target Signs Largest Lease in Downtown LA in 20 Years
Target Corp. has signed a 20-year lease with Brookfield Office Properties for more than 100,000 square feet of space at the 7th& Fig Center in Los Angeles. The transaction represents the largest retail lease signed in downtown Los Angeles in 20 years. Target plans to open its new store in 2012.
"The addition of Target to 7th&Fig will not only create countless jobs, it will improve the quality of life for people throughout the entire LA metro area by offering a convenient and diversified shopping option," said Los Angeles Mayor Antonio Villaraigosa in a statement.
Edward Hogan, national director of retail leasing, served as the in-house representative for Brookfield Office Properties in the transaction. Richard Rizika, of CB Richard Ellis, represented the...