SHOE DEPT. ENCORE to Join The Shoppes at Parma

Opening Fall 2016

PARMA, Ohio–(BUSINESS WIRE)–PECO Real Estate Partners (PREP) announced a new junior anchor at The
Shoppes at Parma in Parma, Ohio. SHOE DEPT. ENCORE has leased a
10,752-square-foot space and will offer a wide variety of men’s, women’s
and children’s shoes and accessories. The new store will open this fall
along with ULTA, Gordmans and several other soon to be announced
retailers.

SHOE DEPT. ENCORE operates the largest format of the store brands owned
by SHOE SHOW, INC. Founded in 1960, the North Carolina company provides
quality products, service and value in stores named SHOE DEPT., SHOE
DEPT. ENCORE, SHOE SHOW, SHOE SHOW MEGA and Burlington Shoes. The
company has 1147 locations in 43 states, including three SHOE DEPT.
ENCORE stores in the Cleveland market.

Robyn Hays, senior leasing director, said, “SHOE DEPT. ENCORE is a great
addition to our lineup of new stores at The Shoppes at Parma. We are
confident the retailers we are bringing to the center will serve the
market’s shopping needs and create an energetic new destination. Phase I
of the redevelopment will be complete this fall, with more stores in
Phase 2 opening in early 2017.”

Key elements of The Shoppes at Parma’s redevelopment include:

– Newly remodeled JCPenney with Sephora, now open

– New Dick’s Sporting Goods, now open

– 2016 groundbreaking to expand existing Walmart to a Super Walmart

– New stores now open: AT&T, Mattress Firm, PetValu, GNC

– New restaurants now open: Panera Bread, Chipotle, Jimmy Johns, Fast
Eddies

– New services now open: Aspen Dental, Chase Bank, Sports Clips, H & R
Block

– Opening this year: SHOE DEPT. ENCORE, ULTA, Gordmans, Five Guys,
Fitworks, T Mobile, Mission BBQ

About PECO Real Estate Partners (PREP) PECO Real Estate Partners
has incorporated the development and strategic retail divisions of
Phillips Edison & Company (PECO) to focus on acquisition, repositioning
and management of power and lifestyle centers, enclosed malls, mixed-use
retail projects and single-tenant developments. Through the execution of
a focused investment strategy, PREP identifies optimal locations and
leverages its 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
Linda Fatherree, 513-607-4374
linda@fatherree.com