New Tenant Set to Open at The Shops at Park Lane

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HomeGoods signs a lease at the development to open in early 2011

We're very pleased with the opportunity to open HomeGoods at The Shops at Park Lane

The Shops at Park Lane, Dallas’ premier mixed-use retail development, announced today that HomeGoods plans to open a store in February 2011.

HomeGoods is a home fashions store that provides a vast selection of high quality and unique home fashions, including brand and designer name merchandise at prices that are 20 to 60 percent less than finer catalog, specialty and department store prices. The 33,300 square-foot HomeGoods at The Shops at Park Lane will be located below Whole Foods and directly across from Nordstrom Rack on the street level.

HomeGoods offers an ever-changing assortment of unique home fashions and the finest home basics in every style for every room in the home at unbeatable values. With new items arriving weekly, stores can carry approximately 40,000 units at any given time.

HomeGoods merchandise represents a vast collection of eclectic home décor merchandise for every room in today’s styles, including Home Décor, Decorative Accents, Tableware, Gourmet Kitchen, Bedding, Bath, Children, Home Office and Seasonal Décor and Gifts.

“We’re very pleased with the opportunity to open HomeGoods at The Shops at Park Lane,” said Erwin Aulis, Chief Operating Officer of Northwood Investors. “This addition to The Shops at Park Lane is further defining the development as a unique urban experience with an unbeatable variety of options for our savvy consumers.”

In 2009, The Shops at Park Lane opened its first stores with Nordstrom Rack, Dick’s Sporting Goods, The Children’s Place and Lane Bryant/Cacique. More stores continued to open since then including Dallas’ flagship Whole Foods Market, Gordon Biersch and SAKS OFF 5TH, and additional shops and restaurants will continue to open over the next year.

About The Shops at Park Lane

The Shops at Park Lane encompass a 33.5-acre mixed-use development located in Dallas located directly across from NorthPark Center. In the equivalent of five city blocks, this project offers a unique urban experience and an unbeatable variety of options for the consumer, enhanced by easy car and light rail access, ample parking and wide, pedestrian-friendly sidewalks. The Heights at Park Lane, developed by PM Realty Group, offers 325 luxury residences at The Tower, The Flats and The Lofts, making Park Lane Dallas’ ultimate live, work, play destination. At full build out, The Shops at Park Lane will contain more than 2.8 million square feet of total space with more than 700,000 square feet of retail, restaurant and entertainment space, anchored by Dallas’ flagship Whole Foods. For more information, please visit http://www.parklanedallas.com.

About Northwood

Northwood Investors is a privately-held real estate investment advisor founded in 2006 by John Z. Kukral, the former President and CEO of Blackstone Real Estate Advisors. The firm advises on and invests alongside institutional and private clients in a broad range of real estate and real estate-related investment opportunities including single property acquisitions, property development and redevelopment, multi-property portfolio acquisitions, joint ventures, operating companies and public and private securities.

Northwood pursues investments globally that offer the opportunity for highly attractive risk-adjusted returns, whether through equity, preferred equity, debt, participating debt or other securities. For more information contact info(at)northwoodinvestors(dot)com.

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Jenna Tuttle
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