Perimeter Mall Welcomes Von Maur Department Store

CHICAGO, Jan. 5, 2012 /PRNewswire/ -- General Growth Properties (NYSE: GGP) today announced the addition of Von Maur department store as an anchor to Perimeter Mall, a premier Atlanta mall with sales of more than $550 per square foot. The new upscale department store is projected to open in fall 2012. Von Maur will replace the soon to be vacant Bloomingdale's location. Von Maur joins a stellar retailer line-up that also includes Apple, Nordstrom, Michael Kors, Sur La Table, and Forever 21 among many others. Perimeter Mall is a 1.6 million square foot two-level center north of downtown Atlanta.

"Our shoppers expect only the best in retail, dining, and above all, unparalleled customer service," said Richard Pesin, executive vice president of anchors and development for General Growth Properties, Inc. "Von Maur combines exceptional customer service with brand-name and high-quality merchandise in an aesthetically pleasing environment to create a shopping experience like no other. Adding Von Maur to the retail line-up of Perimeter Mall further solidifies Perimeter Mall as a premier shopping destination for all of Atlanta."

"We are excited about our expansion to Perimeter Mall. General Growth's commitment to quality shopping centers fits well with our plans for steady growth. We are a destination in the markets we serve by providing customers with a high level of service and a unique assortment of merchandise," stated Jim von Maur, president of Von Maur.

ABOUT VON MAUR

A family-owned department store based in Davenport, Iowa, Von Maur has grown to a 27 location chain with department stores in Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, Ohio and Georgia. In November, Von Maur opened its first southeastern department store at GGP's North Point Mall in Alpharetta, Georgia. Von Maur has also announced expansion plans in Alabama and New York. Known for creating an enjoyable and unique shopping experience, Von Maur's merchandise selection includes national brands as well as unique specialty labels. Brand offerings include labels such as Coach, Kate Spade, Free People, Eileen Fisher, and Tommy Bahama. Von Maur also offers exclusive amenities to its shoppers, such as a no interest, no fee credit card; free shipping and free gift wrapping year-round; and an in-store pianist during business hours.   

ABOUT GGP

GGP is the second largest shopping center owner in the United States. GGP has ownership and management interest in 167 regional and super regional shopping malls in 42 states. The company portfolio totals 169 million square feet of space. A publicly-traded real estate investment trust (REIT), GGP is listed on the New York Stock Exchange under the symbol GGP.

CONTACT

MEDIA:  Lesley Cheers, corporate communications, 312.960.2646, [email protected]

INVESTORS:  Kevin Berry, investor relations, 312.960.5529, [email protected]

SOURCE General Growth Properties