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Lord & Taylor Announces New Store to Open at Mizner Park

Boca Raton store marks upscale retailer’s return to Florida market

May 21, 2012 – New York, NY – Lord & Taylor, a division of the Hudson’s Bay Company, today announced its plans to return to the Florida market with a full-line store at Mizner Park in Boca Raton, set to open in September 2013. The company will begin construction on its newest location in Fall
2012.

“Everyone at Lord & Taylor is thrilled to be re-entering the Florida market with a full-line store,” said Bonnie Brooks, President of the Hudson’s Bay Company. “Mizner Park is the perfect location for Lord & Taylor because we have a number of existing customers in Boca Raton and will look forward
to welcoming them as well as new customers in the region.”

The new 80,000 square-foot store will carry a well-edited assortment of premier designers in all product categories including: women’s ready-to-wear, shoes, accessories, beauty, and men’s. The two-level building will feature the company’s newest store design, a modern shopping experience that will mirror the Fifth Avenue Flagship. To celebrate the Grand Opening, Lord & Taylor will develop a
calendar of events to drive excitement in the community.

“Our goal at Mizner Park is to provide an unparalleled shopping experience. Lord & Taylor combines reputation, quality and merchandise that complements Mizner Park’s stellar retail line-up and ambiance,” said Richard Pesin, executive vice president, General Growth Properties, Inc.
Mizner Park, located in picturesque downtown Boca Raton, Florida, is the city’s luxury retail, dining, office and entertainment destination in an open-air environment. The 236,000-square-foot retail space offers shoppers and unparalleled experience, featuring world-renowned jewelers, top national retailers and one-of-a-kind boutiques. The addition of Lord & Taylor will enhance Mizner Park’s
stellar retail line-up, offering shoppers additional options in the latest fashion and accessories.

About Lord & Taylor:
Lord & Taylor is an upscale specialty department store that has built a reputation for attentive customer service and high-quality merchandise focused on apparel and accessories. Founded in 1826, Lord & Taylor is America’s oldest department store and one of America’s premier retailers. Today, Lord & Taylor operates 48 full-line stores in ten states and the District of Columbia, three Lord & Taylor outlet stores and lordandtaylor.com, the company’s online store.
www.lordandtaylor.tumblr.com
www.facebook.com/lordandtaylor
www.twitter.com/lordandtaylor

About General Growth Properties:
General Growth Properties is a fully integrated, self-managed and self-administered real estate investment trust focused on owning, managing, leasing, and redeveloping regional malls throughout the United States. GGP currently owns, or has an interest in, 135 regional shopping malls comprising approximately 136 million square feet of gross leasable area. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP. For more information on GGP, please go to www.GGP.com.

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For further information, please contact:
Andrew Blecher
andrew@lividini.com
646-443-2066