Trademark to Lease And Manage The Shops of Saddle Creek, And Evaluate Expansion Feasibility of Phase 2
FORT WORTH, Texas (May 16, 2011) Trademark Property Company announced today it has been engaged by an institutional owner to lease and manage the Shops at Saddle Creek, a 148,000-square-foot lifestyle center in Germantown, Tennessee. Trademark will also be evaluating the feasibility of a major expansion on adjacent land controlled by Saddle Creek’s owner.
Saddle Creek is located at Poplar Street and Germantown Road in the city of Germantown, the Memphis area’s most affluent suburb. Open since 1987, Saddle Creek is widely regarded to be the first lifestyle center developed in the U.S.
The center is home to the premier list of specialty retailers in the Memphis and Mid-South trade area, including Apple, Anthropologie, Coach, Banana Republic, Chico’s, Ann Taylor and J Crew.
“Saddle Creek is a strategic addition to our growing 3rd Party institutional portfolio and gives us an opportunity to leverage our full service value add capabilities,” said Trademark CEO Terry Montesi. “Saddle Creek is a great brand and has tremendous long-term potential. We are extremely excited our client is considering a near term expansion and densification strategy.”