AddThis

Saks Off Fifth to anchor two new outlet centers

Indianapolis -- Mall owner Simon Property Group said Tuesday that Saks Fifth Avenue Off 5th will anchor the company’s two new centers in development in its Premium Outlets division: Phoenix Premium Outlets and St. Louis Premium Outlets.

Phoenix Premium Outlets in Chandler, Ariz., is currently under construction with a spring 2013 opening planned. Phase 1 of the center will be comprised of 360,000 sq. ft. housing approximately 90 outlet stores featuring high-quality designer and name brands.

St. Louis Premium Outlets in Chesterfield, Mo., is a part of Chesterfield Blue Valley, a mixed-use development to include office space, hotel, restaurant and entertainment venues. A first phase of approximately 350,000 sq. ft. is projected to open fall 2013. The project is a joint venture with Woodmont Outlets and EWB Development LLC. Simon owns a 60% interest in the project.

There are 34 Saks Fifth Avenue Off 5th locations within the Simon portfolio both in its Premium Outlets and The Mills divisions.

"We are excited to grow our Off 5th store portfolio with Simon. We believe these two locations are well suited for us to deliver our distinct merchandise offerings to area residents and visitors," said Robert Wallstrom, president of Saks Fifth Avenue Off 5th.

© 2014