This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Simon Property Group And Mitsubishi Estate Open Shisui Premium Outlets®

Stocks in this article: SPG

INDIANAPOLIS, April 19, 2013 /PRNewswire/ -- Simon Property Group, Inc. (NYSE: SPG), the world's leading retail real estate company, announced today that, in partnership with Mitsubishi Estate Co., Ltd., it has opened Shisui Premium Outlets ®  (Shisui Town, Inba District, Chiba Prefecture), the ninth Premium Outlet Center® in Japan.

The 234,000 square feet first phase of the project is 100% leased and opened with 120 stores featuring a mix of international brands, Japanese brands and restaurants.  Eight stores are making their outlet debut in Japan at Shisui Premium Outlets including Rebecca Minkoff, Marmot, Hanes, Barnyardstorm and Pierre Marcolini. In addition, Alfredo Bannister and Nike Golf are opening their first independent stores at Shisui Premium Outlets. American brands include: Banana Republic, Billabong, Coach and Michael Kors.

Shisui Premium Outlets is located approximately 40 miles from the center of Tokyo.  With the new Shisui Interchange on the Higashikantou Expressway which opened on April 10, the outlet center is approximately one hour from Tokyo by car. Shisui Premium Outlets is also located 15 minutes from Narita International Airport, Japan's largest international hub airport, which handles approximately 34 million passengers annually.  Bus service to the center is available from Narita International Airport, making access convenient and appealing to overseas visitors. The dining pavilion design depicts an airport theme to tie into the important hub nearby, featuring globes, world clocks and control towers. 

"Shisui Premium Outlets is our ninth Premium Outlet Center in Japan," said John R. Klein, president of Simon's Premium Outlets. "This location is well-suited to serve Japan's visitor market and complements our other highly productive area centers.  We have created innovative programs and opportunities to serve the millions of customers we expect to welcome to this Premium Outlet Center."

Simon's Premium Outlets portfolio features 77 Premium Outlet Centers ® including 63 in the United States, one in Puerto Rico, nine in Japan, two in Korea, one in Malaysia and one in Mexico. Its industry-leading properties include Woodbury Common Premium Outlets ( New York City), Orlando Premium Outlets, Desert Hills Premium Outlets ( Palm Springs, California) and Las Vegas Premium Outlets. Centers in Japan include Gotemba Premium Outlets, Sano Premium Outlets, Ami Premium Outlets (serving Tokyo), Rinku Premium Outlets ( Osaka), Kobe-Sanda Premium Outlets ( Kobe- Osaka), Sendai-Izumi Premium Outlets (Sendai), Toki Premium Outlets ( Nagoya) and Tosu Premium Outlets ( Fukuoka).

About Simon Property Group Simon Property Group, Inc. (NYSE:SPG) is an S&P 100 company and the largest real estate company in the world.  The Company currently owns or has an interest in 327 retail real estate properties in North America and Asia comprising 242 million square  feet. We are headquartered in Indianapolis, Indiana and employ approximately 5,500 people in the U.S.  For more information, visit the Simon Property Group website at www.simon.com.

About Mitsubishi Estate Co, Ltd Mitsubishi Estate Company is a leading international property development and investment company with a substantial commercial and residential portfolio in Japan, which includes over 30 major buildings in Marunouchi, Tokyo's central business district, and buildings in New York and London.

SOURCE Simon Property Group, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,708.47 +247.15 1.50%
S&P 500 1,953.67 +26.56 1.38%
NASDAQ 4,456.3650 +73.5180 1.68%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs