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Saks Fifth Avenue Off 5th to open in Fairfax, VA

NEW YORK, NY (June 14, 2016)Saks Fifth Avenue OFF 5TH and Peterson Companies are pleased to announce plans to open a new store at Fair Lakes Center, located in Fairfax, VA. Set to open in August 2016, the new 21,800 square foot Saks OFF 5THwill feature an impressive selection of designer fashion, accessories, and footwear for men and women, boasting in-season and on-trend offerings from more than 800 leading designer brands at incredible prices.

“We are very excited to bring Saks OFF 5TH ‘thrill-of-the-hunt” experience to shoppers in Fairfax,” commented Jonathan Greller, President, Saks Fifth Avenue OFF 5TH and Gilt. “We believe the expansion of Saks OFF 5TH in Northern Virginia will raise the standard for luxury off-price shopping in the region.”

“Saks OFF 5TH is an excellent fit for Fair Lakes Center, as their designer fashion offerings perfectly complement our existing mix of retailers.  We’re excited to provide an impressive new destination for our shoppers as we further enhance the center shopping experience that our customers have come to expect from us,” says Kelly Price, Vice President – Retail Asset Management, Peterson Companies.

With new arrivals shipped to the store almost daily, customers will make new and exciting fashion discoveries, 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.

The new Saks Fifth Avenue OFF 5TH will reside at 12995 Fair Lakes Shopping Center, Fairfax, VA 22033.

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 101 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.

About Peterson Companies

Peterson Companies is one of the largest privately owned real estate development companies in the Washington, DC region and offers fully-integrated development and management services for commercial, office, residential and retail real estate. Founded by Milt Peterson 50 years ago, the company is responsible for some of the most prominent and successful mixed-use retail, residential and office developments in Northern Virginia and Maryland including Fair Lakes, National Harbor, Virginia Gateway, Downtown Silver Spring, RIO Washingtonian, Fairfax Corner, Burke Centre and Tysons McLean Office Park. The company has an extensive two million square foot development pipeline and remains focused on delivering exceptional projects that set the standard for real estate development and redevelopment. For more information about the company, please visit www.petersoncos.com.

CONTACTS:

Tiffany Bourré
905.595.7184
Tiffany.Bourre@hbc.com

Joanna Rothermel
703-227-0894
JRothermel@petersoncos.com