Rouse Properties Announces Repositioning and Cosmetic Renovation of Bayshore Mall
Rouse Properties Announces Repositioning and Cosmetic Renovation of Bayshore Mall
- 120,000 SF of New Retailers, including Wal-Mart, T.J. Maxx, ULTA Beauty and Sports Authority -
- Announces Cosmetic Renovation and Upgrades to Enhance Shopping Experience -
NEW YORK--(BUSINESS WIRE)-- Today, Rouse Properties, Inc. (NYS: RSE) , a national owner and operator of enclosed regional malls, announced the execution of leases with T.J. Maxx, ULTA Beauty and The Sports Authority at its Bayshore Mall located in Eureka, California. All three retailers are expected to open prior to the holiday 2013 shopping season, joining the recently opened Wal-Mart. These stores will be the first for each retailer in the North Coast region of California, with their closest stores over 100 miles away.
Rouse Properties also announced a multi-million dollar cosmetic renovation of the mall to be completed in 2013. The renovation is planned to include a new tile floor, soft seating and new common area amenities, upgraded interior lighting, a new children's play area and refreshed pylon and directional site signage. Wi-Fi is also being installed, allowing shoppers to connect to the internet throughout the mall.
"Our significant progress in the repositioning of Bayshore Mall, in such a short period since our formation, is a prime example of Rouse's ability to not only attract leading retailers, but to implement a tailored strategy for each of the malls in our portfolio," said Andrew Silberfein, president and chief executive officer for Rouse Properties. "As the only enclosed mall serving a 155 mile radius, we are delivering a substantially improved shopping environment for our customers and retailers at Bayshore Mall and strengthening our draw as a leading retail destination in the region."
With over 1,000 stores, T.J. Maxx is the largest off-price retailer of apparel and home fashions in the U.S., and will replace a former Borders bookstore at the center. ULTA Beauty, the nation's largest beauty retailer, will include a full-service salon specializing in the latest hair, nail and skin services. The Sports Authority, with over 450 stores across the country, will offer the most comprehensive assortment of sporting goods and accessories in the market. ULTA and The Sports Authority will replace a former theater and previously unproductive in-line space.
Conveniently located off of Highway 101, Bayshore Mall totals 730,000 square feet, and is anchored by Kohl's, Sears, Wal-Mart, Pier 1 Imports, Ross Dress for Less, Bed Bath & Beyond, and Petco. The mall's expanding line-up of national retailers includes Victoria's Secret, The Children's Place, Bath & Body Works, Foot Locker, Famous Footwear and rue 21. Bayshore Mall opened in 1987, and was last renovated in 2002.
About Rouse Properties
Rouse Properties, Inc. (NYS: RSE) is a publicly traded real estate investment trust headquartered in New York City and was founded on a legacy of innovation and creativity. Among the country's largest publicly traded regional mall owners, the Company's geographically diverse portfolio spans the United States from coast to coast, and includes 32 malls in 20 states encompassing approximately 22.5 million square feet of space. For more information please visit: www.rouseproperties.com.
Rouse Properties, Inc.
Missy Heanue
Melissa.heanue@rouseproperties.com
or
Investor Relations, 212-608-5108
IR@rouseproperties.com
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