Iconic Retailer Opens at Scottsdale Quarter
June 09 2009 - 4:41PM
PR Newswire (US)
Apple Inc. opens store in North Scottsdale SCOTTSDALE, Ariz., June
9 /PRNewswire-FirstCall/ -- On Friday, June 12 at 6 p.m. PDT, Apple
opens the doors to their largest store in Arizona at Scottsdale
Quarter, North Scottsdale's newest shopping district at the
intersection of Scottsdale Road and Greenway-Hayden Loop. The
Cupertino-based company will occupy nearly 10,000 square feet of
space at the outdoor lifestyle center. "We are very pleased and
excited to have Apple join our notable retailer line-up at
Scottsdale Quarter," said Michael Glimcher, chairman and CEO of
Glimcher Realty Trust, owner, developer and manager of the
property. "We believe having a high profile Apple store is a major
win for the Scottsdale Quarter community. This store will
compliment the retail, restaurant, entertainment and office
customers at Scottsdale Quarter." Apple joins Williams-Sonoma Home,
west elm and Brio Tuscan Grille, Nike, Hennes & Mauritz
(H&M), Oakville Grocery, and Parc Central, all of which are
open or will open by year-end and will bring their first location
to Arizona. Other notable commitments include Gold Class Cinemas,
Fox Restaurant Group's True Foods, Momenti Cafe, Optica (fashion
eyewear), Sunglass Hut, Santorini Mediterranean Cuisine (modern
Mediterranean cuisine), StingRay Sushi, Bing Crosby's restaurant
and Socrati (fashion footwear). "We're thrilled that these
sought-after retailers are joining us to create this unique
addition to the Scottsdale area," said Michael Glimcher. Additional
retailers and restaurants will be announced as the second phase of
the project continues to progress. About Scottsdale Quarter
Scottsdale Quarter is a 28-acre project with 370,000 square feet of
mixed-use retail and restaurant options; 35,000 square feet of
entertainment; and 205,000 square feet of office space amid
elegant, diverse architecture and lush landscaping. The project
also includes a hotel and residential component that will be
developed by others independently from the retail and office space
being developed by Glimcher. Construction on the lifestyle center
began last October. Scottsdale Quarter sits on the southeast corner
of Scottsdale Road and the Greenway-Hayden Loop, across from
Kierland Commons. About Glimcher Glimcher Realty Trust, a real
estate investment trust, is a recognized leader in the ownership,
management, acquisition and development of malls, which includes
enclosed regional malls and open-air lifestyle centers, as well as
community centers. At March 31, 2009, the Company's mall portfolio,
including assets held through one of the Company's strategic joint
ventures, consisted of 23 properties located in 14 states with
gross leasable area totaling approximately 20.2 million square
feet. The community center portfolio is comprised of four
properties representing approximately 769,000 square feet. Glimcher
Realty Trust's common shares are listed on the New York Stock
Exchange under the symbol "GRT." Glimcher Realty Trust's Series F
and Series G preferred shares are listed on the New York Stock
Exchange under the symbols "GRT-F" and "GRT-G," respectively.
Glimcher Realty Trust is a component of both the Russell 2000(R)
Index, representing small cap stocks, and the Russell 3000(R)
Index, representing the broader market. DATASOURCE: Glimcher Realty
Trust CONTACT: Jenny Bassett, Scottsdale Quarter, , +1-480-270-8123
Web Site: http://www.glimcher.com/
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