Thursday, June 6, 2013

Officials Break Ground on Twin Cities at Eagan Outlets

EAGAN, MN (June 6, 2013)

City of Eagan officials and Paragon Outlet Partners representatives celebrated the groundbreaking of Twin Cities at Eagan, a 409,000 square foot outlet shopping destination, Tuesday, June 4.  Slated to open to the public in August 2014, the outlet center will serve the Minneapolis-St. Paul metropolitan region.

“Twin Cities at Eagan is an exciting and dynamic project situated in the heart of the city’s Cedar Grove Redevelopment District that will bring up to 2,000 jobs to the local region,” said Robert Brvenik, principal, Paragon Outlet Partners.  “As we are well underway with tremendous leasing activity, we look forward to bringing a well-tenanted roster of more than 100 outlet stores to the Greater Twin Cities marketplace.”

Along with anchor store Saks Fifth Avenue OFF 5TH, Paragon Outlet Partners marked the project’s official groundbreaking announcing its first group of 17 leading designer and brand names that will join the center’s merchant roster.  Merchants include:

Banana Republic Factory Store
Michael Kors
Brooks Brothers Factory Store
Nike Factory Store
Calvin Klein
Polo Ralph Lauren Factory Store
COACH
Puma
Crazy 8
Swarovski
Gap Factory Store
Tommy Hilfiger
J. Crew
Van Heusen
Janie & Jack
Wilson’s Leather
Johnston & Murphy

According to Mark Schoening, Senior Vice President of National Retail for Ryan Companies, general contractor for the project, “We are happy to serve as the builder for this large scale and very exciting retail development project in Eagan.  This type of project is right up our alley, and fits in well with our national platform to deliver retail property solutions across the US.”

For more information about Paragon Outlets properties, please contact Kelvin Antill with development inquiries and Nicholas King with leasing inquiries at 410.856.1818.

About Paragon Outlet Partners
Headquartered in Baltimore, Paragon Outlet Partners is a commercial real estate development firm operated by a seasoned team of former Prime Retail executives.  The company’s upscale merchant portfolio includes top designer and leading brand names Saks Fifth Avenue OFF 5TH, Last Call by Neiman Marcus, Bloomingdale’s The Outlet Store, Barney’s New York Outlet, Coach Factory, Michael Kors, Banana Republic, GAP, Nike Factory Store and Tommy Hilfiger, among many more.  Its parent company, The Lightstone Group, is one of the largest privately held real estate companies in the U.S. with a diversified portfolio of retail, hospitality, office, industrial and residential real estate assets, including more than 8.1 million square feet of commercial space and more than 11,000 multi-family units in 19 states.  For more information, visit www.paragonoutlets.com.

Contact:         
Sue Helondovitch, Strategy + Style Marketing Group, Ph: 973.588.3979, sueh@strategyplusstyle.com           

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