April 24, 2003

ALA MOANA CENTER ADDS FOUR NEW SHOPS

Bag ’n Baggage, Champs Sports, Ranger Sports and Pizza Hut/Taco Bell open their doors at Ala Moana

HONOLULU—Ala Moana Center, one of the world’s largest open-air shopping centers, continues expanding its roster of stores with the addition of Bag ’n Baggage, Champs Sports, Ranger Sports and Pizza Hut/Taco Bell.   These stores join a diverse group of tenants, adding to the tremendous convenience and variety that Ala Moana Center offers shoppers.

·         Bag ’n Baggage –– the ideal store for luggage, travel and gift needs –– opened its doors on April 4 on the mall level near Sears.  Shoppers can find a wide selection of briefcases, organizers, personal leather goods, writing tools and executive gifts.

·         Located on the street level near Macy’s, Champs Sports offers trend-setting sportswear designed for young and active lifestyles.   The largest sporting goods retailer in North American malls, Champs Sports opened in Ala Moana Center on April 13.

·         Well-known for its military and police goods, Ranger Sports opened to Ala Moana shoppers on April 1.   It offers a wide variety of combat and survival gear, sports watches, chronometers, Zippo lighters, surplus military clothing, fatigues, T-shirts, caps and insignias.   Ranger Sports is located near Macy’s and Champs Sports on the street level.

·         Pizza Hut/Taco Bell, recognized leader in the quick-service food and beverage industry, opened in March on the street level near Sears.

Ala Moana Center is owned and managed by General Growth Properties, Inc.  General Growth Properties is the nation's second-largest shopping center owner, developer and manager.  General Growth currently has ownership interest in, or management responsibility for, a portfolio of 160 regional shopping malls in 39 states.  The company portfolio totals approximately 140-million square feet of retail space and includes over 16,000 retailers nationwide.  A publicly traded Real Estate Investment Trust (REIT), General Growth Properties is listed on the New York Stock Exchange under the symbol GGP.  For more information on General Growth Properties and its portfolio of malls, please visit the company Web site at www.generalgrowth.com.

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