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— FOR IMMEDIATE RELEASE —
MOMENTUM CONTINUES AT THE SHOPS AT LA PALMERA AS FOUR NATIONAL TENANTS OPEN IN NOVEMBER
Two other tenants also announced for renovated center
CORPUS CHRISTI, Texas (Dec. 2, 2013) – The transformation of The Shops at La Palmera in Corpus Christi, Texas, continues as Dick’s Sporting Goods, T.J. Maxx, HomeGoods and Jared The Galleria of Jewelry all have recently opened in time for holiday shopping.
Trademark also announced the signing of Great Clips and Eden Nails and Spa for the outdoor center. Both are scheduled to open in spring 2014.
“The Shops at La Palmera continues to move towards completion with the opening of these four popular retailers,” said Trademark CEO Terry Montesi. “The renovation of this outdoor center is on schedule and we see it quickly transforming into the vision we had planned. We are pleased to have so many new retail options available for Corpus Christi shoppers.”
Dick’s Sporting Goods, the largest U.S. based full-line sporting goods retailer, held its grand opening November 1, T.J. Maxx and HomeGoods, two of the nation’s leading value priced retailers, opened November 17, and Jared The Galleria of Jewelry opened Nov. 23. It is the first Corpus Christi location for each of the retailers.
Other new tenants announced this year include Corner Bakery Café, which opened in July, and DSW Designer Show Warehouse, which is slated to open in early 2014. Several other existing tenants have also remained, including Subway, Victoria’s Jewels, SAS Shoes and Big Lots.
The center was purchased in April 2012 as a joint venture between Trademark and Institutional Mall Investors LLC (IMI). The design of the complete renovation and expansion will complement the adjacent 1-million-square-foot La Palmera mall, which underwent a two-year $50 million renovation after it was acquired by IMI and Trademark in 2008.
Once completed in 2014, there will be 26 retail and dining options in the approximately 200,000- square-foot center.
“We saw an increased demand from national retailers in Corpus Christi as a direct result of the tremendous success we have had at La Palmera,” said Montesi. “The redesign and renovation of The Shops at La Palmera allows us to better accommodate those wanting a presence in this market and creates a well-planned shopping district in the community.“
For more information on The Shops at La Palmera, go to www.theshopsatlapalmera.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, Corner Bakery Café, T.J. Maxx, HomeGoods and Jared The Galleria of Jewelry, as well as DSW Shoe Warehouse when completed in 2014. 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.
Trademark Property Company is an operator, investor and developer of award winning 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 of nearly 80 employees currently operates more than 4.7 million square feet including: Alliance Town Center (Fort Worth, Texas), La Palmera (Corpus Christi, Texas), Napa Center (Napa, Calif.), The Shops at La Palmera (Corpus Christi, Texas), Market Street Flowood (Flowood, Miss.), Market Street – The Woodlands (The Woodlands, Texas), Saddle Creek (Germantown, Tenn.), Victory Park (Dallas, Texas), Watters Creek (Allen, Texas), Waterside (Fort Worth, Texas), and WestBend (Fort Worth, Texas). For more information, visit www.trademarkproperty.com.