{"id":1004023338,"date":"2010-09-23T06:13:09","date_gmt":"2010-09-23T14:13:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004023338"},"modified":"2022-12-08T18:39:07","modified_gmt":"2022-12-09T02:39:07","slug":"simon-kicks-off-construction-of-380000-sf-outlet-center-in-new-hampshire","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/simon-kicks-off-construction-of-380000-sf-outlet-center-in-new-hampshire\/","title":{"rendered":"Simon Kicks Off Construction of 380,000-SF Outlet Center in New Hampshire"},"content":{"rendered":"<p>September 23, 2010<br \/>\nBy Barbra Murray, Contributing Editor<\/p>\n<p><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/09\/Merrimack-Outlet-2.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004023339\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/simon-kicks-off-construction-of-380000-sf-outlet-center-in-new-hampshire\/merrimack-outlet-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/09\/Merrimack-Outlet-2.jpg\" data-orig-size=\"662,587\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Merrimack Outlet &#8211; 2\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/09\/Merrimack-Outlet-2.jpg?w=662\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/09\/Merrimack-Outlet-2.jpg\" alt=\"\" title=\"Merrimack Outlet - 2\" width=\"300\" height=\"266\" class=\"alignright size-medium wp-image-1004023339\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/09\/Merrimack-Outlet-2.jpg 662w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/09\/Merrimack-Outlet-2.jpg?resize=300,266 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>With the economic downturn, shoppers have been frequently bypassing the traditional department store for discount properties, including outlet shopping centers like the project Simon Property Group just began developing in Merrimack, New Hampshire.  Merrimack Premium Outlets will feature 380,000 square feet in its first phase.<\/p>\n<p>With a location off the F.E. Everett Turnpike in Hillsborough County, Merrimack Premium Outlets&#8217; 170-acre site is well positioned to attract buyers from the Nashua and Boston markets. Designed by Hennon Group Architects, the upscale outlet property will encompass space for 100 stores offering designer labels at below-market prices. <\/p>\n<p>While the retail market is slowly improving, consumers continue to focus on value. &#8220;The turnaround in the retail sector will rely heavily upon the return of consumer confidence&#8211;as consumers move from buying only what they need and return to buying what they want,\u201d Greg Maloney, CEO and President of Jones Lang LaSalle Retail, noted in the real estate services firm&#8217;s Mid-Year State of the Retail Market Report. \u201cDiscounters and value orientated retailers will continue to garner the lion\u2019s share of discretionary dollars.&#8221;<\/p>\n<p>But Simon has a little more faith in the market beyond the outlet center model. &#8220;As owners of many retail platforms, we believe there is continued consumer demand for all types of shopping centers including outlet centers such as the ones we develop,&#8221; Michele Rothstein, Senior Vice President of Marketing at Simon, told <em>CPE<\/em>. Simon&#8211;which wrapped up its $2.3 billion acquisition of 21 retail centers from Prime Outlets Acquisition Company at the end of August&#8211;is the nation&#8217;s largest owner and developer of retail real estate. Its portfolio of owned and partially owned assets encompasses approximately 263 million square feet in North America, Europe and Asia. <\/p>\n<p>Domestically and internationally, the company continues to increase its long list of properties. In August, Simon, along with joint venture partner the Genting Group, broke ground on the 175,000-square-foot Johor Premium Outlets in Malaysia. Construction of Merrimack Premium Outlets is on track to reach completion in 2012. Simon has not yet announced a start date for Phase II. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the economic downturn, shoppers have been frequently bypassing the traditional department store for discount properties, including outlet shopping centers like the project Simon Property Group just began developing.<\/p>\n","protected":false},"author":936,"featured_media":1004023339,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21742,21749],"tags":[],"class_list":["post-1004023338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Simon Kicks Off Construction of 380,000-SF Outlet Center in New Hampshire - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/simon-kicks-off-construction-of-380000-sf-outlet-center-in-new-hampshire\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Simon Kicks Off Construction of 380,000-SF Outlet Center in New Hampshire\" \/>\n<meta property=\"og:description\" content=\"With the economic downturn, shoppers have been frequently bypassing the traditional department store for discount properties, including outlet shopping centers like the project Simon Property Group just began developing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/simon-kicks-off-construction-of-380000-sf-outlet-center-in-new-hampshire\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-09-23T14:13:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:39:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/09\/Merrimack-Outlet-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"662\" \/>\n\t<meta property=\"og:image:height\" content=\"587\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/simon-kicks-off-construction-of-380000-sf-outlet-center-in-new-hampshire\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/simon-kicks-off-construction-of-380000-sf-outlet-center-in-new-hampshire\\\/\"},\"author\":{\"name\":\"Allison Landa\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"headline\":\"Simon Kicks Off Construction of 380,000-SF Outlet Center in New Hampshire\",\"datePublished\":\"2010-09-23T14:13:09+00:00\",\"dateModified\":\"2022-12-09T02:39:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/simon-kicks-off-construction-of-380000-sf-outlet-center-in-new-hampshire\\\/\"},\"wordCount\":354,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/simon-kicks-off-construction-of-380000-sf-outlet-center-in-new-hampshire\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/09\\\/Merrimack-Outlet-2.jpg\",\"articleSection\":[\"Featured\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/simon-kicks-off-construction-of-380000-sf-outlet-center-in-new-hampshire\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/simon-kicks-off-construction-of-380000-sf-outlet-center-in-new-hampshire\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/simon-kicks-off-construction-of-380000-sf-outlet-center-in-new-hampshire\\\/\",\"name\":\"Simon Kicks Off Construction of 380,000-SF Outlet Center in New Hampshire - 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