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Palms Crossing Shopping Center Now Open In McAllen
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Palms Crossing Shopping Center Now Open In McAllen
Simon Property Group, Inc. has opened a new shopping center in the McAllen area just in time for Christmas shopping!
 Simon Property Group, Inc. , the country's largest owner, developer and manager of high quality retail real estate, opened Palms Crossing this morning. Palms Crossing is a 396,000 square foot community center, located adjacent to the new McAllen Convention Center.
Palms Crossing is anchored by Babies "R" Us, Barnes & Noble, Beall's, Cavender's Boot City, DSW Shoe Warehouse, Guitar Center, Sports Authority and Ulta Salon Cosmetics & Fragrance. There will also be an exciting array of small shops at Palms Crossing including Allure Nail Salon, Avenue, Claire's, LaParilla Grill, Rack Room, Relax 2 Sleep, Rocky Mountain Chocolate Factory, Scent Chips and Gifts, Subway and Verizon.
Two great restaurants are already open at the property, PF Chang's and BJ's Restaurant and Brewhouse.
Phase II of Palms Crossing is projected to open in 2009 and will comprise additional small shops and anchors.
"Palms Crossing will add yet another exciting shopping opportunity for residents and tourists of the Rio Grande Valley, an area that has proven to be very receptive for Simon's diverse projects," said Myles Minton, president of the community/lifestyle center division at Simon. Minton noted that the trade area already boasts La Plaza Mall, Valle Vista Mall and the Rio Grande Valley Premium Outlets. "We want to acknowledge the city of McAllen as well," Minton added. "They've been tremendously supportive of our efforts and have provided a great backdrop for Palms Crossing with their beautiful convention center complex."
"The City of McAllen is proud of the partnership between the City and Simon Property Group," said Mayor Richard F. Cortez, City of McAllen. "The City and Simon became partners in 2003 when the City decided that an upscale retail and dining destination would be a major asset to complement the City's Convention Center District. With the completion of the McAllen Convention Center in March 2007 and now the opening of Palms Crossing, residents and visitors to South Texas will have major new choices in their shopping and dining experiences."
Simon Property Group, Inc. is an S&P 500 company and the largest public U.S. real estate company. Simon is a fully integrated real estate company which operates from five retail real estate platforms: regional malls, Premium Outlet Centers(R), The Mills(R), community/lifestyle centers and international properties. It currently owns or has an interest in 379 properties comprising 256 million square feet of gross leasable area in North America, Europe and Asia. The Company is headquartered in Indianapolis, Indiana and employs more than 5,000 people worldwide. Simon Property Group, Inc. is publicly traded on the NYSE under the symbol SPG. For further information, visit the Company's website at www.simon.com.
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