Trademark Announces Expansion Plans for The Shops of Saddle Creek
TRADEMARK PROPERTY CO. ANNOUNCES EXPANSION
PLANS FOR THE SHOPS OF SADDLE CREEK
FORT WORTH, Texas (September 20, 2013) – Trademark Property Co. today announced expansion and renovation plans for The Shops of Saddle Creek, the 148,000-square-foot lifestyle center in Germantown, Tennessee.
Saddle Creek is located on Poplar Avenue near Germantown Road in the Memphis metro area’s most affluent suburb. Widely regarded as the first lifestyle center in the U.S. since opening in 1987, Trademark took over operation of the property in May 2011 and began conducting a feasibility study on potential expansion and renovation.
“Saddle Creek is one of the most important lifestyle centers in the country,“ said Trademark CEO Terry Montesi. “We are very excited to be the steward for the evolution of the iconic property, which will allow us to improve our guest experience and create an even more inviting place.”
The expansion will take place on the southwest side of Poplar Avenue and West Street with the demolition of approximately 20,000 square feet of existing space in Saddle Creek South, and the addition of approximately 40,000 square feet of retail space in the area located between Saddle Creek South and Saddle Creek West, a net gain of approximately 20,000 square feet of space. The project also includes remodeled building exteriors for Saddle Creek South and West with work slated to begin in late 2013 or early 2014. Trademark will also study ways to update the façade of Saddle Creek North.
In addition to façade updates, Trademark is implementing a new advertising campaign and exploring updates to Saddle Creek’s overall branding, including upgrades to amenities such as plazas, lighting, signage and wayfinding, as well as landscaping.
The property is home to the premier collection of more than 40 fashion and specialty retailers in the Memphis and Mid-South trade area, including Anthropologie, Apple, Banana Republic, Brooks Brothers, Chico’s, Coach, Free People, J. Crew, kate spade new york, and Madewell.
ABOUT THE SHOPS OF SADDLE CREEK
The Shops of Saddle Creek is a 148,000-square-foot outdoor center located in Germantown, Tennessee, the Memphis metro area’s most affluent suburb. Considered to be the first lifestyle center in the U.S. since opening in 1987, Saddle Creek is home to a collection of more than 40 fashion and specialty retailers in the Memphis and Mid-South trade area, including Anthropologie, Apple, Banana Republic, Brooks Brothers, Chico’s, Coach, Free People, J. Crew, kate spade new york, and Madewell. Trademark Property Company has been responsible for managing and leasing of the property since May 2011. For more information, go to www.shopsofsaddlecreek.com.
Trademark Property Company is an operator, investor and developer of award winning enclosed regional malls, mixed-use town centers, and specialty, community and power centers. Since 1992, the Fort Worth, Texas-based Trademark has invested in, or developed over 10 million square feet of retail and mixed-use assets worth over $1.25 billion. Trademark’s experienced team of nearly 80 employees currently operates more than 4.7 million square feet including: Alliance Town Center (Fort Worth, Texas), La Palmera (Corpus Christi, Texas), The Shops at La Palmera (Corpus Christi, Texas), Market Street Flowood (Flowood, MS), Market Street – The Woodlands (The Woodlands, Texas), The Shops of Saddle Creek (Germantown, Tenn.), Victory Park (Dallas, Texas), Watters Creek (Allen, Texas), Waterside (Fort Worth, Texas), and WestBend (Fort Worth, Texas). For more information, visit www.trademarkproperty.com.