Simon Property Group, Inc. (NYSE:SPG), the country’s largest owner, developer and manager of high-quality retail real estate in the U.S., and The Container Store, the nation’s original and leading retailer of storage and organization products, announced today that they have signed an agreement to open at the Northshore Mall in Summer 2012. The Peabody location will be approximately 25,000 square feet and the third location to open in Massachusetts. The Container Store will take over the space previously occupied by Bugaboo Creek Steakhouse.
“This is an exciting day for both Northshore Mall and the shoppers in the region,” said Sundesh Shah, Regional Vice President of Development of Simon Property Group. “Bringing The Container Store to northern Massachusetts will enhance the already fine retail offerings at the Northshore Mall.”
The Northshore Mall store will showcase more than 10,000 innovative products to help customers save space and, ultimately, save them time. The store layout is divided into lifestyle sections marked with brightly colored banners such as Closet, Kitchen, Office and Laundry. Wherever you look in the store, there’s always someone in a blue apron ready to help solve everything from the tiniest of storage problems to the most intimidating organizational challenges. Customers receive unparalleled service, along with fresh ideas and a very interactive shopping experience. The store will be easily accessible to shoppers living in the outlying Boston suburbs looking to organize any office, closest, coat rack, desk drawer and more.
“When we open a new store, we look for a location dense with our time- and space-starved target customer coupled with a collection of synergistic retailers. We have found that in Northshore Mall,” said Kip Tindell, Chairman and CEO, for The Container Store. “We’re thrilled to bring our unique concept and employee-first culture to our new customers in the area.”
About The Container Store Dallas-based The Container Store is the nation’s original and leading retailer of storage and organization products, offering more than 10,000 innovative and multi-functional items designed to save space and time. The retailer couples it’s product with a high level of customer service delivered by highly-trained organization experts. The Container Store’s employee-first culture has landed the retailer on FORTUNE magazine’s annual list of the “100 Best Companies to Work For” for the past 12 years. Sales for fiscal year 2011 are expected to reach $650 million. The Container Store is privately held. Visit containerstore.com for more information about store locations, the product collection and services offered. Learn more about The Container Store’s unique approach to business and what the company stands for on its blog – standfor.containerstore.com