For additional information, contact:
Kymberley Scalia (214) 695-8261
— FOR IMMEDIATE RELEASE —
TRADEMARK ANNOUNCES T.J. MAXX AND HOMEGOODS SUPERSTORE COMING TO THE SHOPS AT LA PALMERA IN CORPUS CHRISTI
FORT WORTH, Texas (April 11, 2013) – Trademark Property Co., the Fort Worth-based retail and mixed- use development, investment and 3rd party services firm, today announced T.J. Maxx and HomeGoods, two of the nation’s leading value priced retailers, will open this fall at The Shops at La Palmera, a 200,000- square-foot outdoor shopping center in Corpus Christi, Texas. Both retailers are owned by The TJX Companies, Inc. the leading off-price retailer of apparel and home fashions in the U.S. and worldwide.
Construction has now begun on the 44,750-square-foot space accommodating the two new stores, which will be located adjacent to one another, each with a separate store entrance. Once inside, shoppers can move freely between the two stores.
With nearly 1,000 locations in the U.S., this will be the first T.J. Maxx location in Corpus Christi, the retailer known for its rapidly changing assortment of fashionable, quality brand-name merchandise at prices 20-60% less than department stores. This will also be the first Corpus Christi HomeGoods, specializing in home fashions and furniture, decorative accessories and giftware.
“We are pleased at the caliber of retailers we continue to bring to The Shops at La Palmera,” said Trademark Chairman and CEO Terry Montesi. “T.J. Maxx and HomeGoods are leaders in providing a rapidly changing assortment of value priced quality merchandise and they will be a welcome addition to the retail mix in the Corpus Christi.”
Renovation and construction work continues at The Shops at La Palmera, with work well underway on the recently announced Dick’s Sporting Goods, which is set to open this fall. Construction will soon be wrapping up on Corner Bakery, which is scheduled to open in June.
The new design of the property will complement that of Trademark’s La Palmera, a 1-million- square-foot super regional mall located across from The Shops at La Palmera. La Palmera underwent a two- year $50 million renovation after Trademark and Institutional Mall Investors LLC purchased the property in 2008.
Trademark Property Company is an operator, investor and developer of enclosed regional malls, mixed-use town centers, and specialty, community and power centers. Since 1992, the Fort Worth, Texas-based Trademark has invested in, or developed over 10 million square feet of retail and mixed-use assets worth over $1.25 billion. Trademark’s experienced team currently operates more than 4.7 million square feet including: Alliance Town Center (Fort Worth,Texas), Biltmore Park Town Square (Asheville, N.C.), La Palmera (Corpus Christi, Texas), The Shops at La Palmera (Corpus Christi, Texas), Market Street Flowood (Flowood, MS), Market Street – The Woodlands (The Woodlands,Texas), Preston Oaks (Dallas, Texas), The Shops of Saddle Creek (Germantown, Tenn.), Victory Park (Dallas, Texas), Watters Creek (Allen, Texas), and WestBend (Fort Worth, Texas). For more information, visit www.trademarkproperty.com.
ABOUT THE SHOPS AT LA PALMERA
The Shops at La Palmera is a 200,000-square-foot outdoor center located in Corpus Christi, Texas. Currently undergoing redevelopment, The Shops at La Palmera will feature approximately 26 retail and dining options, including Dick’s Sporting Goods, T.J. Maxx, HomeGoods and Corner Bakery Café when completed in late 2013. Purchased in April 2012 by Trademark Property Company and joint venture partner Institutional Mall Investors LLC (IMI), the center is located directly across from Trademark’s La Palmera mall. For more information, go to www.theshopsatlapalmera.com.
ABOUT LA PALMERA
Located in Corpus Christi, Texas, La Palmera is a 1-million-square-foot super-regional mall with more than 100 retail and restaurant tenants including Dillard’s, JCPenney, Macy’s, P.F. Chang’s and Coach. Acquired in July 2008 by IMI and Trademark Property, La Palmera is the first mall to be awarded LEED® Silver for Core and Shell 2.0 established by the U.S. Green Building Council (USGBC). Following a $50 million renovation, the mall features a new outdoor main entrance, 600-seat food court with a 4,500-gallon feature aquarium and a children’s ocean-themed play area. For more information on La Palmera, go to lapalmera.com or call (361) 991-5718.
ABOUT THE TJX COMPANIES, INC.
The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 1,039 T.J. Maxx, 912 Marshalls, 416 HomeGoods and 4 Sierra Trading Post stores as well as SierraTradingPost.com in the United States; 222 Winners, 88 HomeSense, and 14 Marshalls stores in Canada; and 344 T.K. Maxx and 24 HomeSense stores in Europe. TJX’s press releases and financial information are also available at www.tjx.com.