Prime Outlets St. Augustine to open in November

April 10, 2008 - United States Of America

Prime Retail, one of the largest developers of outlet centers in the country, and a member of the Lightstone Group, announced the company began a 90,000 square foot exterior expansion at its popular Prime Outlets - St. Augustine, Fla, location.

The project will include three major changes:
1. The expansion will increase the size of the property by 35 percent. When complete, Prime Outlets St. Augustine will feature approximately 90 new and remerchandised stores with a gross leasable area of 340,000 square feet.
2. Saks Fifth Avenue OFF 5TH will be the new anchor for the center and will introduce a 28,000 square foot prototype store design.
3. The interior and exterior of the center's existing space will be renovated and will include an updated 400-seat food court. Prime Outlets St. Augustine, located at I-95 and State Road 16 in St. Augustine, Fla., serves markets including St. Augustine, Jacksonville and Daytona.

The expanded center is slated to open in November 2008 and will bring leading designer and brand-name stores including kate spade, Lucky Brand Jeans, Ann Taylor Loft and Juicy Couture to the popular shopping destination.

Guess Factory Store and BCBGMAXAZRIA Factory Store will also open larger store locations at Prime Outlets -- St. Augustine as part of the property's renovation.

"This expansion illustrates our commitment to create a well-tenanted outlet center that features the top brands our shoppers desire," said Robert Brvenik, president, Prime Retail.

"We are honored Saks Fifth Avenue OFF 5TH will not only anchor our expansion at Prime Outlets -- St. Augustine, but debut their new prototype store design at our center."

Owned by the Lightstone Real Estate Investment Trust, Prime Outlets -- St. Augustine is one of 33 shopping destinations operated by Prime Retail.

Its expanded retail space will be merchandised in the spirit of other Prime Outlets properties which feature luxury brands such as Giorgio Armani General Store, Hugo Boss, Juicy Couture, kate spade, Michael Kors and Zegna Outlet.