Neiman Marcus Last Call Is First Anchor to Sign on at Prime Outlets -- Grand Prairie

GRAND PRAIRIE, Texas, May. 05 /PRNewswire/ --

GRAND PRAIRIE, Texas, May 5 /PRNewswire/ -- Prime Retail announced today Neiman Marcus Last Call will open a 28,000 square foot location at its newest center, Prime Outlets -- Grand Prairie, located in Grand Prairie, Texas, serving the Dallas/Fort Worth market.

"Prime Outlets' shoppers not only desire great style, but leading designer and brand-name fashions," said Senior Vice President of Marketing Karen Fluharty. "We are delighted to welcome Neiman Marcus Last Call as a key retailer in our line-up of designer names."

With construction of Prime Retail's new $100 million, 485,000 square foot outlet center scheduled to begin in the fall of 2008, its grand opening is expected to take place for the 2009 holiday shopping season.

"Prime Outlets -- Grand Prairie is well-positioned to become one of the region's most popular shopping destinations for local consumers and the region's growing tourist base," said Gayle Tremblay, Vice President, Clearance Division, Neiman Marcus. "We are very happy to sign on with Prime Retail and become part of its Grand Prairie team of merchants."

The outlet center will be located on Interstate 20 at the intersection of State Highway 360 (Great Southwest Parkway exit). Upon its completion, the gross leasable area of Prime Outlets -- Grand Prairie will total 485,000 square feet and feature approximately 120 outlet store locations and an on-site food court.

About Neiman Marcus

The Neiman Marcus Group, Inc. operations include the Specialty Retail Stores segment and the Direct Marketing segment. The Specialty Retail Stores segment consists primarily of Neiman Marcus and Bergdorf Goodman stores. The Direct Marketing segment conducts both print catalog and online operations under the Neiman Marcus, and Bergdorf Goodman brand names. Information about the Company can be accessed at www.neimanmarcusgroup.com.

About Prime Retail

Headquartered in Baltimore, Md., Prime Retail is the parent company of Prime Outlets and one of the largest and most successful owners of retail centers in the U.S. Spanning more than 14 million square feet throughout major United States markets and Puerto Rico, Prime Retail recently added top designer and brand name stores including Giorgio Armani General Store, Gucci, Michael Kors, Polo Ralph Lauren Factory Store, Salvatore Ferragamo Company Store, Zegna Outlet and many more to its portfolio. The company owns and operates 21 well-known outlet centers in markets including Orlando, San Marcos, Texas, Williamsburg, Va., and Grove City, Pa. Adding nearly two million square feet over the next several years, Prime Retail is positioned to become the leading retail outlet company in the industry. For more information, please visit www.primeretail.com.