SPL Realty Partners Secures Retail Space for Aerosoles

AEROSOLES opening in the Citadel Outlets, Los Angeles, CA

(SANTA MONICA, CA – May 11, 2011) – SPL Realty Partners announced today that it has secured a retail space for AEROSOLES, the leading product-driven footwear company in Citadel Outlets in Los Angeles, CA. The 2,059 square foot store is scheduled to open on May 19th in the new third phase of Citadel Outlets, the only outlet center in Los Angeles County. The space boasts almost 50 feet of frontage and sits adjacent to Under Armour, across from adidas and converse and steps from a large parking field. Other brands with outlet stores at Citadel Outlets include; Calvin Klein, Tommy Hilfiger, Guess, GAP, Dockers, Puma, DKNY, Lucky Brand, Aeropostale, Banana Republic, H&M and dozens of other leading brands.

Scott Lifschultz, president of SPL Realty Partners represented AEROSOLES and arranged this transaction on behalf of the footwear company. Brenda Benter, senior leasing executive for Craig Realty Group, Citadel Outlets’ ownership, acted in-house.

“We are excited to be working with AEROSOLES in their retail expansion throughout southern California. Citadel Outlets is a natural for AEROSOLES, as the shoe company has found success in other outlet centers throughout the United States. Citadel Outlet’s expansion will only strengthen the depth of the merchandise mix and customer draw. AEROSOLES will prove to be an excellent addition to the center”, stated Lifschultz.

About SPL Realty Partners
SPL Realty Partners is a Los Angeles based retail real estate brokerage and consulting firm representing retailers, owners and developers throughout southern California and the United States. SPL specializes in Tenant Representation with exclusive clients including; CVS Pharmacy, DEAN & DELUCA, Casual Male Retail Group, AEROSOLES, Landmark Retail Group, Monsiuer Marcel, Samba Restaurant Group and JOHNNY WAS. For more information please visit the SPL website at www.SPLrealty.com.

AEROSOLES is a leading brand of footwear based in Edison, New Jersey. Since 1987, AEROSOLES has developed high quality, comfortable and fashion-right shoes at affordable prices. AEROSOLES shoes are distributed worldwide throughout their retail and outlet stores and are in thousands of department and specialty stores. AEROSOLES’ mission is to be the #1 product-driven footwear company in the world. AEROSOLES will continually lead in offering unique product, defined as comfortable style at a great value. With over 100 stores throughout the United States and another 50 throughout the rest of the world, AEROSOLES recipe for success is a combination of great style, unique details, cushioned footbeds, flexible rubber and diamond pattern soles. Their core values remain…comfort, style, quality and value. Visit AEROSOLES website at www.aerosoles.com.

About Craig Realty Group
Craig Realty Group, headquartered in Newport Beach, California, is a full-service real estate development company. The company is a leader in the development and management of income producing upscale factory outlet centers. Craig Realty Group properties are known for offering quality branded merchandise in an architecturally themed environment. The company owns, operates and manages nearly 4.3 million square feet of existing retail in 7 states, and is in the process of developing several new outlet centers throughout the nation, including new projects in California, Hawaii, Illinois, Utah and Virginia. For more information, please visit the CRG website at www.craigrealtygroup.com