Simon® and Hermès Announce Lease Signing in Atlanta
Simon has announced a new lease agreement with Hermès for a 7,000 sq. ft. boutique at Phipps Plaza in Atlanta, set to open by the end of Q2 2024. This move highlights Simon's commitment to enhancing luxury offerings in the Atlanta market, as stated by Vicki Hanor, Senior Vice President of Luxury Leasing. Simon continues to be a major player in real estate, owning premier shopping and entertainment destinations across North America, Europe, and Asia, and is part of the S&P 100, trading under the ticker symbol SPG.
- New 7,000 sq. ft. Hermès boutique lease signed at Phipps Plaza.
- Expected opening by the end of Q2 2024, enhancing luxury offerings in Atlanta.
- Reinforces Simon's position as a leading retail real estate investment trust.
- None.
INDIANAPOLIS, Sept. 12, 2022 /PRNewswire/ -- Simon® is pleased to welcome Hermès to its Atlanta portfolio at Phipps Plaza with the announcement of the signing of a lease for a new 7,000 sq. foot boutique, planned to open the end of the second quarter of 2024.
"Hermès is synonymous with artisanal craftmanship and rich heritage," said Vicki Hanor, Senior Vice President of Luxury Leasing, Simon. "The addition of Hermès at Phipps Plaza is another exciting step in the luxury evolution our consumers expect in Atlanta."
About Simon
Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed- use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.
About Hermès
Since 1837, Hermès has remained faithful to its artisan model and its humanist values. The freedom to create, the constant search for beautiful materials, the transmission of savoir-faire of excellence, and the aesthetic of functionality all forge the singularity of Hermès, a house of objects created to last. An independent, family owned company, Hermès is dedicated to keeping the majority of its production in France through its 51 workshops and production sites and to developing its network of 306 stores in 45 countries. The group employs more than 16,600 people worldwide, including nearly 10,400 in France, among whom more than 5,600 are craftsmen*. Axel Dumas, a sixth-generation family member, has been Hermès CEO since 2013.
Founded in 2008, the Fondation d'entreprise Hermès supports projects in the areas of artistic creation, training and the transmission of savoir-faire, biodiversity, and the preservation of the environment.
* As of 31st December 2020
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SOURCE Simon
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