Rouse Properties’ Silver Lake Mall Adds Two New Retailers

Rouse Properties, Inc. (NYSE: RSE), a national owner and operator of regional enclosed malls, today announced that Sports Authority and Jo-Ann Fabric and Craft Stores will open at Silver Lake Mall located at 200 W. Hanley Avenue in Coeur d’Alene, Idaho. Sports Authority, one of the nation’s largest full-line sporting goods retailers, signed a lease to occupy more than 44,000 square feet and Jo-Ann Fabric and Craft Stores, the nation’s largest fabric and craft retailer, signed a lease to occupy approximately 19,000 square feet.

“We are committed to providing consumers with an unmatched shopping experience and the additions of Sports Authority and Jo-Ann Fabric and Craft Stores greatly enhances Silver Lake Mall’s retailer lineup,” said Brian Harper, Executive Vice President of Leasing for Rouse Properties. “In less than a year of ownership we have added two high-profile anchor tenants to the mall. These leases are a reflection of the property’s desirable location and our team’s ability to maximize opportunities and foster relationships with high-quality, productive retail operators.”

Silver Lake Mall is the only enclosed shopping center in Northern Idaho serving residents in Canada, Montana and Idaho and is ideally positioned to serve travelers to the Inland Empire, a region in the Pacific Northwest including all of Northern Idaho and parts of Eastern Washington. The 330,000 square foot center is anchored by jcpenney, Macy’s and Sears and is home to a number of specialty retailers including Bath & Body Works, Christopher & Banks, PacSun, Radio Shack and Vanity. Silver Lake Mall is conveniently located just minutes from I-90 with direct access to US 95.

About Rouse Properties, Inc.

Rouse Properties, Inc. (NYSE:RSE) is a publicly traded real estate investment trust headquartered in New York City and founded on a legacy of innovation and creativity. Among the country's largest publicly traded regional mall owners, the Company's geographically diverse portfolio spans the United States from coast to coast, and includes 31 malls in 19 states encompassing approximately 22 million square feet of space. For more information, please visit: www.rouseproperties.com.

Copyright Business Wire 2010

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