Simon Property Group's Pier Park Opens in Panama City Beach

PANAMA CITY BEACH, Fla., May 1 /PRNewswire-FirstCall/ -- Simon Property
Group, Inc. (NYSE: SPG), the country's largest owner, developer and manager
of high quality retail real estate, today announced the opening of Pier
Park, a 900,000 square-foot, open-air lifestyle center that combines the
best in shopping, dining and entertainment -- all situated across the
street from some of the world's most beautiful beaches.

Pier Park is anchored by Dillard's, Target, JCPenney, Borders, Old
Navy, Ron Jon Surf Shop, The Grand 16 Theatres and Jimmy Buffett's
Margaritaville. There will be nearly 100 retailers at Pier Park, with
approximately half making their first appearance in this vibrant market.

Small shop fashion retailers include Aeropostale, American Eagle
Outfitters, Cache, Chico's, Coldwater Creek, New York & Company and
Victoria's Secret. The plentiful restaurant options include Back Porch
Seafood House, Hofbrau Beer Garden and Reggae J's Island Grill.

"Pier Park is a great attraction and will become a destination for this
region's many tourists throughout the year as well as year-round
residents," said Myles H. Minton, president of SPG's community/lifestyle
division. "We're thrilled with the great reception we've received from both
of these constituencies."

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 381
properties comprising 260 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 http://www.simon.com.



See Also

• Apartment Investment and Management Company Declares Quarterly Dividend on Class A Common Stock
• Apartment Investment and Management Company Declares Quarterly Dividend on Class A Common Stock
• Mortgage Applications Surge for Home Trust Mortgage in Schaumburg

Source: Real Estate Newswire