SOURCE: Excel Trust

Excel Trust

April 13, 2016 11:10 ET

Saks Fifth Avenue OFF 5TH, Several New Tenants Opening at The Promenade

SCOTTSDALE, AZ--(Marketwired - April 13, 2016) -  Excel Trust announced today that Saks Fifth Avenue OFF 5TH will soon be opening at The Promenade shopping center, located at Frank Lloyd Wright Boulevard and North Scottsdale Road in Scottsdale, AZ. In addition to Saks OFF 5TH, Excel Trust has also signed leases with four new tenants over the past six months, and anticipates signing several more pending the redevelopment of the southwest corner of the property.

"These new retailers further solidify The Promenade's position as the premier power center within the North Scottsdale market," said Spencer Plumb, President and COO of Excel Trust. "Saks OFF 5TH will be a wonderful addition to our existing lineup and we are pleased to see the excitement that our proposed redevelopment has generated within the community."

"We are thrilled to offer customers in Scottsdale an exciting, new destination to shop amazing fashion at incredible prices with the debut of Saks OFF 5TH in Scottsdale," commented Jonathan Greller, President, Saks OFF 5TH and Gilt. "This opening expands our presence in Arizona to four stores and we cannot wait to welcome Scottsdale shoppers when we open." 

Saks OFF 5TH will cater to the market with a fantastic assortment of more than 800 brands, from emerging designer labels to some of the most celebrated names in fashion. With new arrivals shipped to the store daily, customers will discover fresh new merchandise, including one-of-a-kind designer finds, with every visit. For additional Saks OFF 5TH shopping benefits, customers may sign up for the More! program on saksoff5th.com. Rewards include insider access to exclusive discounts, new arrival alerts, and more.

About The Promenade
Located on 87 acres at Frank Lloyd Wright & N. Scottsdale Rd., The Promenade features a premier collection of over 60 value-driven retailers and restaurants including Nordstrom Rack, Stein Mart, Cost Plus World Market and Trader Joe's. The Promenade houses over 700,000 square feet of retail and is owned and managed by Excel Trust. For more information visit www.scottsdalepromenade.com.

About Excel Trust
Excel Trust owns and operates dominant community and power shopping centers in top U.S. MSAs.

About Saks Fifth Avenue OFF 5TH
As part of the Hudson's Bay Company brand portfolio, Saks Fifth Avenue OFF 5TH is a world-class destination for true fashion at extraordinary value. The retailer's 97 stores and e-commerce division, saksoff5th.com, combine the two great joys of shopping: the delight of discovering the best in luxury and the thrill of finding a deal. A sophisticated shopping experience of carefully curated off-the-runway trends, exceptional service, and savings on the biggest names in fashion, Saks Fifth Avenue OFF 5TH leads the market as the premier luxury-value destination.

Contact Information

  • Contact:
    Greg Davis
    VP Marketing & Communications
    Excel Trust
    (858) 798-1464
    Email contact