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Article: PRIME RETAIL ATTRACTS 28 MILLION SHOPPERS TO ITS OUTLET CENTERS IN 1995; COMPANY DEVELOPS NEARLY ONE MILLION SQUARE FEET FOR 3RD CONSECUTIVE YEAR
- Article from:
- PR Newswire
- Article date:
- January 4, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BALTIMORE, Jan. 4 /PRNewswire/ -- Prime Retail, Inc. (Nasdaq: PRME, PRMEP), the nation's most active developer/owner of manufacturers' outlet centers, attracted an estimated 28 million shoppers(A) to its 17 outlet centers during 1995, announced Abraham Rosenthal, chief executive officer of the Baltimore-based company. In addition, the company reached its 1995 goal of developing nearly one million square feet of gross leasable area, which marks the third consecutive year that Prime Retail has developed nearly one million square feet.
"Today's value orientation has prompted the American consumer to embrace the outlet concept," said Rosenthal. "Shoppers at Prime ...