Rouse Properties, Inc. (NYSE:RSE), a national owner and operator of enclosed regional malls, today announced it has signed a lease with The Bon-Ton Stores, Inc. (NASDAQ:BONT) to open a 62,000 square foot Herberger’s department store at Cache Valley Mall in Logan, Utah. The Cache Valley Mall store will be the first location in the state of Utah for The Bon-Ton Stores, Inc.
The Bon-Ton Stores, Inc. operates 272 stores across 25 states, including 42 Herberger’s locations in the Upper Great Plains and western United States. Herberger’s offers a wide selection of national and private brands of fashion apparel for women, men and children, as well as shoes, cosmetics, jewelry, bedding and furniture. The Herberger’s store will be located in the space formerly occupied by Dillard’s.
Logan, Utah is one of America’s Top 25 Micro-Metropolitan areas and Cache Valley Mall is the only mall within a 40 mile radius. Logan is also home to Utah State University, a growing university with current enrollment of approximately 30,000 students. Herberger’s will join jcpenney, T.J.Maxx and Larry Miller Theaters as anchors at the property. In addition to existing leading retailers such as Aeropostale, American Eagle, Buckle, The Children’s Place, rue21 and Bath & Body Works, Rouse Properties recently added Justice, a popular tween girls retailer, Bohme, a women’s clothing and accessories boutique, and Paradise Bakery, a fast-casual café to the mall.
“We are excited to announce the addition of Herberger’s to Cache Valley Mall, further expanding our relationship with The Bon-Ton Stores. Bon-Ton shares our focus on middle markets around the country, and we expect Herberger’s tailored approach to merchandising to resonate extremely well in the marketplace,” said Andrew Silberfein, President and Chief Executive Officer of Rouse Properties. “Announcing Herberger’s as a new anchor so shortly after Dillard’s closed is another demonstration of our ability to attract premier retailers quickly and efficiently. Herberger’s full-line department store is an ideal fit to serve the vibrant and growing community of Logan, further establishing Cache Valley Mall as the go-to destination for consumers’ shopping, entertainment and dining needs.”
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV