Gordmans Opens New Store at The Shoppes at Parma

Grand opening festivities September 24-25

PARMA, Ohio–(BUSINESS WIRE)–#RETAILTRANSFORMED–PECO Real Estate Partners (PREP) is pleased to announce that Gordmans
has opened a new store located at The Shoppes at Parma in Parma, Ohio.
The value-priced department store joins a newly remodeled JCPenney,
Walmart, Dick’s Sporting Goods, Marc’s grocery store and a growing list
of new retailers at the 750,000 sf mixed-use redevelopment.

The new 45,000 square foot department store is located between Dick’s
Sporting Goods and Walmart on W. Ridgewood Drive. Gordmans features
everything from home goods, mens, womens, juniors, baby & kids, shoes,
jewelry & accessories, beauty & fragrance, toys and more, but at 60
percent off department store prices, and is among the fastest expanding
retailers in the country.

“Gordmans is delighted to open its Parma store and offer incredible
values on a wide array of merchandise for the entire family. Guests who
know us say they love Gordmans because they find the merchandise they
want at affordable prices,” said Sue Buckwalter, store manager. “With
the holiday season fast approaching, Gordmans is your convenient,
one-stop shopping destination where you can find merchandise for
everyone on your shopping list at prices you’ll love. We look forward to
welcoming shoppers and delighting them with big savings.”

The new store’s Grand Opening festivities will take place this weekend,
September 24th and 25th. On Saturday, there
will be a free gift to the first 300 guests – a shopping tote with gifts
and a Gordmans gift card worth up to $200. Guests also will enjoy
drawings for gift cards with values of $25, $50 and $100.

Key elements of The Shoppes at Parma $95MM redevelopment include:

  • A newly remodeled JCPenney including the addition of Sephora, now open
  • A new Dick’s Sporting Goods, now open
  • 2016 expansion of Walmart to a Walmart Supercenter
  • New stores now open: AT&T, Mattress Firm, PetValu, GNC, Rally House, T
    Mobile
  • New restaurants now open: Panera Bread, Chipotle, Jimmy Johns, Fast
    Eddies, Pizza Fire
  • New services now open: Aspen Dental, Chase Bank, Sport Clips, H & R
    Block, Fitworks
  • Opening this year: ULTA, Shoe Department Encore, Five Guys, Pulp,
    Pearle Vision, Mission BBQ, Kay Jewelers, American Commodore Tuxedo

About Gordmans

Gordmans (NASDAQ: GMAN) is a value-price retailer featuring a large
selection of name brands and the latest fashions and styles at up to 60%
off department and specialty store prices, every day. The wide range of
merchandise includes apparel and footwear for men, women and children,
as well as accessories, home décor, gifts, designer fragrances, fashion
jewelry, bedding and bath, accent furniture and toys. Founded in 1915,
Gordmans currently operates 102 stores in 62 markets and 22 states. To
shop online, visit gordmans.com. Also, connect with Gordmans on
Facebook, Twitter, Pinterest and Instagram. www.gordmans.com.

About PECO Real Estate Partners (PREP)

PREP has incorporated Phillips Edison & Company’s former development and
strategic retail divisions and will focus on the acquisition,
repositioning and management of power and lifestyle centers, enclosed
malls, mixed-use retail projects and single-tenant developments. PREP is
a fully integrated real estate operating and asset management company.
The company has expertise in every discipline of retail shopping center
operation and management. Through the execution of a focused investment
strategy, PREP identifies optimal target locations and leverages its
management team’s long-standing relationships with brokers, property
owners and retail tenants, to identify and capitalize on development and
redevelopment opportunities. For more information about PREP, please
visit www.pecorep.com.

Contacts

PECO Real Estate Partners
Michelle Devlin
513-824-7135
Michelle.devlin@pecorep.com