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.”
About Rouse Properties, Inc.
Rouse 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 32 malls in 19 states encompassing over
21.5 million square feet of space. For more information, visit www.rouseproperties.com.
Copyright Business Wire 2013