May 6, 2004
MARKET STREET ANNOUNCES THE SIGNING OF
NEW SPECIALTY RETAIL AND RESTAURANT LEASES AND
THE HIRING OF HAROLD DULL AS GENERAL MANAGER
THE WOODLANDS, TX (May 6, 2004)-Market Street (www.marketstreet-thewoodlands.com), a 493,509 square foot, mixed-use, town center development under construction in The Woodlands, Texas, announces that Tommy Bahama's Tropical Café & Emporium; Cinemark USA theatre; Smith & Hawken; The Sharper Image; La Madeleine; Z Gallerie; Storehouse; Bombay Company; KaBloom; and Beauty First have executed leases for space in the project. In addition, leases and letters of intent are under negotiation with 17 new retail tenants totaling more than 58,000 square feet.
Market Street also announces the hiring of Harold Dull as general manager. Mr. Dull brings extensive experience as former general manager for the 1.5 million square foot Easton Town Center in Columbus, Ohio-one of the most acclaimed mixed-use town center projects in the country. In addition, Dull served as regional manager for Edward J. De Bartolo Corporation.
"Harold's experience with marketing and operating one of the top mixed-use town center/street projects in the country will bring a wealth of experience and expertise to Market Street," said Tommy Miller, development partner for Market Street. "Harold's background was a perfect fit and we are flattered to be able to attract such a high caliber professional." Dull's responsibilities will include management and operations, marketing, promotions, community relations and special events planning.
Tommy Bahama will open an 11,500 square foot Tropical Café & Emporium at Market Street, representing their first store in Houston. Different than the company's emporium (retail only) stores, the unique restaurant/emporium combination at Market Street will be the first of its kind in Texas and only the eighth in the U.S. Tommy Bahama will occupy one of two prominent restaurant locations on Market Street's Town Square. "The casual, sophisticated Woodlands customer is a perfect match for the Tommy Bahama lifestyle, and Market Street is the ideal environment to showcase our relaxed yet elegant brand of apparel, accessories and unique home décor items," stated George W. Santacroce, president of retail for Tommy Bahama. "Tommy Bahama is tremendously excited about bringing its island inspired cuisine and hospitality to The Woodlands," added W.C. Wells, president of the restaurant division. "We believe Tommy Bahama's casual and relaxed island lifestyle approach, together with its high quality food and drinks, warm hospitality and terrific service, will be a perfect fit with The Woodlands." Opening is scheduled for March 2005.
Cinemark USA, Inc., operator of the 17-screen Tinsletown multiplex in The Woodlands Town Center, will expand its presence in The Woodlands with the addition of an upscale, 950-seat, 5-screen theatre in the center of the Market Street project. Alan Stock, president of Cinemark, says "We believe that the more intimate and sophisticated theatre concept we plan at Market Street will be a terrific way to deliver a truly great movie experience to our customers. At Market Street, we will offer all stadium seating and state-of-the-art sound and picture, featuring films targeted to an adult audience. With valet parking and a variety of cafés and restaurants onsite, "dinner and a movie" will take on a whole new meaning in The Woodlands community."
Smith & Hawken, America's premier garden lifestyle retailer, is opening a 5,000 square foot store at Market Street. Smith & Hawken offers high quality products for the home and garden. Founded in 1979 as a source for well-crafted garden tools, the company's offerings include heirloom quality teak furniture, unusual plants and containers, garden ornaments and structures, weekend work-wear and a wealth of other environmentally conscious products inspired by the garden. "As purveyors of high quality garden products, we are expanding our business into Trademark's outstanding Market Street project to better reach those customers who have had a difficult time finding quality garden furniture and tools," said Smith & Hawken CEO Barry Gilbert. "Although our catalog reaches millions, sometimes people just want to see and touch the product first-hand. Our new store in The Woodlands will offer that convenience to more customers."
The Sharper Image is a leading source of high quality, cutting-edge products that make life better and more enjoyable. Best sellers include innovative electronics, appliances, lighting, grooming accessories, sleeping aids and environmental products. The company operates more than 150 stores throughout the U.S.
French bakery café La Madeleine will open a 5,100 square foot restaurant on Market Street's restaurant row. "We are thrilled to bring La Madeleine to the front door of Trademark's wonderful Market Street project," said Greg Buchanan, Chief Administrative Officer and Chief Financial Officer of Dallas-based La Madeleine. "Early market surveys conducted by Trademark indicated that La Madeleine was the restaurant most requested by residents of The Woodlands. This is very exciting and we expect La Madeleine, with its extensive breakfast, lunch and dinner menu and French bakery café ambiance to be a nice addition to the community," added Buchanan.
Z Gallerie, a premier lifestyle retailer specializing in home furnishings and accessories, will expand its reach in the Houston market by opening a 10,000 square foot store at Market Street. Founded in 1979, Z Gallerie has 54 locations offering a broad selection of exclusive furniture, lighting, art, and decorative home accessories. "Houstonians have been very receptive of Z Gallerie, proving that we have a place in their homes. We look forward to extending our local reach by opening a new location in The Woodlands," said Joe Zeiden, president of Z Gallerie.
Storehouse, which offers the best in contemporary and traditional furniture design and craftsmanship from sources around the world, will open a 10,000 square foot store at Market Street. In addition to furniture, Storehouse stocks more than 500 special-order upholstery fabrics, a variety of rugs, draperies and home furnishing accessories and offers interior design consultation
The Bombay Company is relocating their existing store from the Woodlands Mall to Market Street. Bombay carries traditional furniture, coordinating accessories and wall décor with a classic style and tone reflecting a sophisticated look. Staying current with customers' needs and everyday lifestyle changes, Bombay offers complete collections focused on the rooms that are most relevant to the customer---the home office, bedroom, dining room and family rooms. Bombay is a publicly traded company with more than 400 stores in the United States and Canada.
KaBloom, often referred to as "the Starbucks of flowers," offers a totally new way to buy flowers and potted plants. On any given day, KaBloom carries more than 200 varieties of cut flowers, bouquets and plants, compared to an average of 40 arrangements in supermarket floral departments. KaBloom stores offer patrons a warm, inviting and fun atmosphere, providing the sensation of walking through a garden. KaBloom gets its flowers and plants direct from growers so that they are fresher, of higher quality and economically priced.
Beauty First will open a 2,878 square foot store at Market Street. Beauty First carries more than 6,000 professional beauty products for hair, skin and nails as well as products for bath & body. Its professional beauty consultants assist consumers with customized solutions to their beauty needs from extensive color services to the latest in cuts, styles, perms and makeovers.
Leasing momentum continues to be strong as more than 227,242 square feet, or 62%, of the retail space in the committed retail buildings is now under lease. The new tenants announced today will join previously announced tenants Aaron Brothers; The Accessory Place; Bella Rinova Day Spa; Berryhill Tamales; Borders Books & Music; Café Express; Chipotle; Cold Stone Creamery; Encore Bank; HEB Woodlands Market & Central Market Café on the Run; Jamba Juice; and TD Waterhouse. The office component of Market Street is creating interest with leases comprising approximately 40% of the total committed office space currently under negotiation.
Phase I of Market Street will open Summer/Fall 2004 followed by Phase II in Spring/Summer 2005. Market Street will be the new downtown and social hub of The Woodlands-"America's Hometown." Trademark recognized the community's desire for a central gathering place with a distinctive urban feel and pedestrian-focused environment. The project combines a diverse mix of business, shopping, dining and entertainment venues with an unmatched collection of amenities. A world-class sculpture collection, a large "town square" designed for gatherings and programmed events, wi-fi internet access, pop fountains and water features, an electronic community reader board, chess tables, a live performance stage and world class environmental graphics are just some of the amenities that will enhance the visitors' experience.
Market Street is a joint-venture development of Trademark Property Company and Kimco Developers, Inc., an affiliate of real estate investment trust (REIT) Kimco Realty Corporation. Kimco is the largest owner of neighborhood and community shopping centers in the U.S. and has interests in more than 550 properties in 41 states, Canada and Mexico.
Trademark was founded in Fort Worth, Texas in 1991 and specializes in the development of high-quality outdoor shopping centers and mixed-use properties in the Southwest, Southeast and Midwest. The company is headquartered in Fort Worth and has offices in Dallas and Houston.