Ground breaking at Merrimack Premium Outlets

Simon Property Group, Inc., the country's largest owner, developer and manager of high quality retail real estate, announced that its Premium Outlets® division held ceremonies Wednesday to mark the start of construction of Merrimack Premium Outlets®, an upscale outlet shopping center serving the Greater Boston and Nashua markets.

The center will be located on a 170 acre site in Merrimack off the F.E. Everett Turnpike at exit 10 (Industrial Drive) in Hillsborough County. Phase 1 of the project will be comprised of 380,000 square feet housing approximately 100 outlet stores featuring high-quality designer and name brands. Opening is scheduled for 2012.

"Merrimack Premium Outlets will bring together an impressive collection of many of the finest brands, offering value, quality and selection all in one convenient location. The Merrimack site is centrally located between Boston, the seacoast and the mountains, providing a great location to serve the area residents and numerous visitors," remarked John R. Klein, CEO of Premium Outlets, Simon. "We are also pleased to begin a new project that is creating hundreds of new jobs and significant economic development for the area."

SOURCE: PRNewswire