You might have noticed the Tollgate Marketplace appears to be undergoing some renovations. It’s owner, Retail Properties of America, recently sent along this press release describing its planned updates and announcing the addition of an Ulta Beauty cosmetics store scheduled to open in early fall. Here are the details:
Ulta Beauty Signs a New Lease at Tollgate Marketplace
Power Center getting a Facelift
Oak Brook, Ill., June 3, 2015 — Retail Properties of America, Inc. (NYSE:RPAI or the “Company”) announced today it has signed a new lease with Ulta Beauty at Tollgate Marketplace in Bel Air, Maryland. Since the beginning of 2014, the Company has signed six new leases with Ulta Beauty, representing approximately 62,800 square feet. In addition, Tollgate Marketplace is undergoing numerous façade upgrades to modernize the center.
Ulta Beauty is the largest beauty retailer providing one-stop shopping for salon products and services in the United States. Ulta Beauty will occupy approximately 11,000 square feet and will join a strong mix of retailers, including T.J. Maxx, Michaels and Party City. The retailer now has 15 locations across RPAI’s portfolio.
In addition, the property is undergoing various façade upgrades to improve tenant sightlines and increase overall visibility to retailers, including the removal of metal roofing and cement pillars, larger sidewalks, new awnings, fresh paint and improved store signage.
“The signing of Ulta Beauty speaks to the strength of this asset and we are very pleased to welcome them to our center,” stated Greg Goldberg, vice president and leasing director – north region. “In addition, the façade upgrades will make this strong center even more successful by modernizing the look and feel of a popular shopping destination, improving the overall customer experience.”
Façade upgrades are expected to be completed at the end of July with Ulta Beauty opening in early fall of 2015.