Rouse Properties Adds Regal Cinemas as Anchor Tenant at Lansing Mall
Company Release – 1/16/2013
NEW YORK–(BUSINESS WIRE)– Rouse Properties, Inc. (NYSE: RSE), a national owner and operator of regional enclosed malls, announced that it has signed a lease with Regal Entertainment Group, a leading motion picture exhibitor, to open a state of the art 12-screen cineplex at Lansing Mall in Lansing, Michigan. The 50,000 square foot stadium seating theatre will serve as a key entertainment anchor for the 850,000 square foot mall. The property’s other anchor tenants include Macy’s, Younkers, jcpenney, T.J. Maxx, and Dunham’s Sports. Rouse has also signed a lease with Olive Garden, which will be the first of a number of leading national restaurant chains that will be added to the property as part of the mall’s repositioning.
“Regal Cinemas will be adding an exceptional entertainment destination to Lansing Mall, featuring all of the latest amenities that enhance today’s movie-going experience,” said Andrew Silberfein, president and chief executive officer of Rouse Properties. “These additions enhance our strong retailer lineup at Lansing Mall, improving the quality and breadth of the tenancy of the mall, and providing a superior experience for shoppers and the greater Lansing community.”
“Regal Entertainment Group is excited to establish our first theatre in Lansing, bringing with us the unmatched Regal Premium Experience or RPX,” stated Russ Nunley, marketing and communications vice president of Regal Entertainment Group. “The special RPX auditorium is technologically superior to others, providing moviegoers with the ultimate in both sight and sound quality. It’s like choosing first class at the movies.”
Lansing Mall is located in one of the fastest growing trade areas in Michigan and is highly visible and easily accessible from I-96, I-69 and US-127. Lansing Mall is home to 100 specialty retailers, and incorporates a successful streetscape concept, featuring Best Buy, Barnes & Noble, Men’s Warehouse, Houlihan’s, Chipotle, and Panera Bread.
About Rouse Properties, Inc.
Rouse Properties, Inc. (NYSE:RSE) is a publicly traded real estate investment trust headquartered in New York City and founded on a legacy of innovation and creativity. Among the country’s largest publicly traded regional mall owners, the Company’s geographically diverse portfolio spans the United States from coast to coast, and includes 32 malls in 20 states encompassing approximately 22 million square feet of space. For more information please visit: www.rouseproperties.com.
Rouse Properties, Inc.
Missy Heanue, 646-755-7088
Source: Rouse Properties, Inc.