Pearland Town Center

Pearland Town Center
Aerial view of Pearland Town Center
Map
LocationPearland, Texas, United States
Coordinates29°33′11″N 95°23′38″W / 29.553°N 95.394°W / 29.553; -95.394
Address11200 Broadway Street
Opening dateJuly 30, 2008 (16 years ago) (2008-07-30)
DeveloperCBL properties
ManagementCBL & Associates Properties
OwnerCBL & Associates Properties
and
TIAA
No. of stores and services90
No. of anchor tenants4
Total retail floor area1,100,000 sq ft (100,000 m2).
No. of floors1
Parking3,546 spaces
Websitepearlandtowncenter.com
Pearland Town Center
Pearland Town Center sign

Pearland Town Center is a lifestyle center concept regional shopping mall located in the city of Pearland, Texas south of Houston.[1] Managed by CBL & Associates, the center was completed in 2008 and includes three anchor stores with room for an additional anchor store. In May 2011, it was announced that TIAA-CREF would receive 12% ownership of Pearland Town Center in an attempt to reduce CBL's debt.[2] The anchor stores are Barnes & Noble, Dillard's, Macy's, and Dick's Sporting Goods.

About the center

Pearland Town Center houses three anchor stores: Barnes and Noble, Dillard's, and Macy's. Designed by the Omniplan architectural firm, the center is home to several restaurants and retail stores that are new to the Pearland area.[3] The center provides retail, residential, office and hotel space within the 1,100,000-square-foot (100,000 m2) open-air lifestyle center.[4] A 110-room, four-story Courtyard by Marriott hotel is located above the center's retail shops near Macy's. Pearland Town Center includes office and multi-family residential space above the stores, a 25-acre (100,000 m2) lake and adjacent walking paths and parks.[5] Pearland Town Center is one of two malls to open in the Houston area in 2008, along with Houston Premium Outlets in March 2008 which is located in Cypress, Texas, and both utilize the "lifestyle center/outdoor mall" concept. The center contains the most recently constructed Dillard's and Macy's locations in Southeast Texas, since 2003.

Pearland Town Center houses 80 fashion retailers and specialty boutiques. It is estimated that Pearland Town Center will bring 1,500 jobs to the Pearland area and will generate $250 million in sales each year, taking up nearly one-third of the city's economy.[6] The Macy's store in Pearland Town Center is the first to be constructed in Houston after the integration of Foley's with Macy's and is the 17th location in the Houston area.[7]

Pearland Town Center set a new standard in the shopping center industry by opening with 85% leased and committed (many unoccupied spaces). The level of leasing demonstrates the rapid growth of the Pearland market.[8][9]

Anchors

Restaurants

References

  1. ^ "America's Fastest-Growing Suburbs - Forbes.com". 2007-07-16. Archived from the original on 2012-05-24. Retrieved 2008-12-31.
  2. ^ Bryant, Tim (May 11, 2011). "West County Center is part of big mall deal". St. Louis Post-Dispatch. STLtoday.com. Retrieved May 14, 2011.
  3. ^ "Omniplan - Pearland Town Center". Archived from the original on 2009-02-03. Retrieved 2008-12-30.
  4. ^ "Pearland Town Center Fact Sheet". Retrieved 2008-12-30. [dead link‍]
  5. ^ "News Release". Retrieved 2008-12-30.[permanent dead link‍]
  6. ^ "Pearland Town Center set to open, bringing new jobs and economy boosting benefits - 7/25/08 - Houston News - abc13.com". Archived from the original on 2010-03-12. Retrieved 2008-12-30.
  7. ^ "Macy's Announces Plans for Pearland Town Center". Archived from the original on 2006-08-11. Retrieved 2008-12-30.
  8. ^ "CBL News Release". Retrieved 2008-12-30.[permanent dead link‍]
  9. ^ "Reuters: CBL & Associates Properties Celebrates Grand Opening of Pearland Town Center in Houston..." Reuters. 2008-07-30. Archived from the original on 2013-02-01. Retrieved 2008-12-30.