La Palmera Honored at Recent ICSC Conference
LA PALMERA HONORED AT RECENT ICSC CENTERBUILD CONFERENCE
FORT WORTH, Texas (January 9, 2013) – Trademark Property Company, the Fort Worth-based retail and mixed-use development, investment and services firm, today announced that its La Palmera mall in Corpus Christi, Texas, has received two ICSC Global Awards for U.S. Design and Development, receiving a Silver award for both Sustainable Design Excellence and for Renovations/Expansions.
The ICSC U.S. Design and Development Awards, which were announced at the recent CenterBuild Conference in Phoenix, Arizona, are designed to honor and recognize the premier design and development trends of retail projects and retail store design within the U.S. CenterBuild, a dynamic specialty conference dedicated to the issues of planning, development, design and construction of shopping centers and retail stores, is held annually by the International Council of Shopping Centers (ICSC), the premier global trade association of the shopping center industry.
“This is great honor for both La Palmera and Trademark,” said Trademark Chairman and CEO Terry Montesi. “We worked diligently to make La Palmera a premier development and are gratified for it to be recognized.”
La Palmera is the result of Trademark’s $50 million transformation of the former Padre Staples Mall, and is owned in partnership with its Institutional Mall Investors, Inc. The redevelopment included the “de-malling” of the main entrance into an outdoor lifestyle court, a new 600-seat food court featuring a 4,400-gallon aquarium, and children’s ocean-themed play area, creating a world-class leisure and shopping destination. The market has enthusiastically embraced the new La Palmera as sales have increased approximately 50% over the past 4.5 years under the new ownership.
The one-million-square-foot project is certified LEED Silver for Core and Shell, the first enclosed mall in the U.S. to receive the designation and has emerged as a model for mall transformation.
Trademark Property Company is an operator, investor and developer of enclosed regional malls, mixed-use town centers, and specialty, community and power centers. Since 1991, Trademark has invested in, or developed, over 10 million square feet of retail and mixed-use assets worth over $1 billion. Based in Fort Worth, Texas, Trademark’s experienced team currently operates more than five million square feet including Alliance Town Center (Fort Worth, Texas), Watters Creek (Allen, Texas), Market Street – The Woodlands (Texas), La Palmera (Corpus Christi, Texas) and Saddle Creek (Memphis, Tenn.). For more information, visit www.trademarkproperty.com.