Ulta Beauty to Offer All Things Beauty at The Shoppes at Parma

PARMA, Ohio–(BUSINESS WIRE)–The Shoppes at Parma, a PECO Real Estate property, is pleased to
announce that Ulta Beauty will open its doors on November 18 at 10 a.m.,
just in time for Black Friday shopping. Ulta Beauty is located near the
West Ridgewood Drive entrance, between Fast Eddie’s Kitchen & Bar and
the recently opened Shoe Dept. Encore. The new location at The
Shoppes at Parma will give shoppers access to 20,000 beauty products
across 500 brands, as well as a full-service salon. Ulta Beauty is the
largest beauty retailer in the United States. Nationwide, the company
operates 928 retail stores across 48 states and the District of Columbia.

“Ulta Beauty is revolutionizing the beauty experience for all by
providing all things beauty, all in one place,” said Casey Foxen, who
manages all grand openings for Ulta Beauty. “We are truly a premiere
beauty destination for Parma, and our Ulta Beauty experts are ready to
help guests explore and lose themselves in the world of beauty.”

After its November 18 opening, the new Ulta Beauty location will
formally celebrate its newest store with a three-day grand opening
beginning Friday, December 2. The celebration will include beauty
give-a-ways for the first 100 guests (each day) on Friday, Saturday and
Sunday.

About Ulta Beauty

Ulta
Beauty (NASDAQ: ULTA) is the largest beauty retailer in the United
States and the premier beauty destination for cosmetics, fragrance, skin
care products, hair care products and salon services. Since opening its
first store in 1990, Ulta Beauty has grown to become the top national
retailer providing All Things Beauty, All in One Place™. The Company
offers more than 20,000 products from over 500 well-established and
emerging beauty brands across all categories and price points, including
Ulta Beauty’s own private label. Ulta Beauty also offers a full-service
salon in every store featuring hair, skin and brow services. Ulta Beauty
is recognized for its commitment to personalized service, fun and
inviting stores and its industry-leading Ultamate Rewards loyalty
program. As of October 1, 2016 Ulta Beauty operates 928 retail stores
across 48 states and the District of Columbia and also distributes its
products through its website, which includes a collection of tips,
tutorials and social content.

About The Shoppes at Parma

The
Shoppes at Parma is in the midst of an exciting transformation
through its multi-phase redevelopment. The 750,000 square-foot open air
center is anchored by J.C. Penney, Dick’s Sporting Goods, recently
opened Gordmans, Walmart Supercenter and Marc’s grocery store and
features specialty retailers, services and a wide variety of dining
options. The center is located just eight miles southwest of downtown
Cleveland, at the intersection of Ridge Road and West Ridgewood Drive.
For more information visit www.shoppesataParmaOH.com.

• New to The Shoppes at Parma in 2016:
  American Commodore Tuxedo, Aspen Dental, FITWORKS, Gordmans department
  store, Kay Jewelers, MISSION BBQ, PetValu, PIZZAFIRE, Pulp Juice &
  Smoothie Bar, Rally House, rue21, Shoe Dept. ENCORE, T-Mobile, Ulta
  Beauty

• Opening soon: Five Guys, Pearle
  Vision

About PECO Real Estate Partners (PREP)

PECO
Real Estate Partners (PREP), Cincinnati-based owner of The Shoppes
at Parma, 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. www.pecorep.com.

Contacts

Yopko Penhallurick
Betty Weibel, 440-543-8615
bw@yp-pr.com