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EASTLAND CENTER EXPANSION, RENOVATION PLANNED

 HARPER WOODS, Mich., May 10 /PRNewswire/ -- Officials of Equitable Real Estate Investment Management, Inc., and General Growth Management, Inc., today announced plans for the expansion and renovation of Eastland Center.
 Construction began today on a new 112,000-square-foot Montgomery Ward department store on the south side of the mall between Kohl's and the food court. The mall court leading to the new Montgomery Ward store will also be expanded. The new store is expected to open in November 1993.
 "The addition of a Montgomery Ward store at Eastland will offer shoppers an even wider selection of merchandise and services," said Michael Diamantides, general manager of Eastland.
 "This expansion reinforces our commitment to Eastland and the customers we serve," added Jerry L. Sink, vice president of asset management for Equitable Real Estate Investment Management, Inc., Eastland's owner. "We are pleased that Eastland will be even more pleasant and convenient for our shoppers by enhancing its offerings and updating its look."
 In addition to the expansion project, General Growth officials announced plans to renovate the center's interior.
 "The renovation work will result in a brighter, contemporary look for Eastland Center," said Diamantides. "We will be upgrading and raising ceilings and updating the floor covering. New seating and planters are also planned. It will result in a fresh, appealing shopping atmosphere."
 The mall's Market East Food Court will feature an expanded seating area, new lighting and ceilings, and new tables and chairs.
 New skylights will be added to provide additional natural lighting. Columns will be finished with marble bases and new architectural detail. The mall's Grand Court will be fully renovated and feature new planters, seating and lighting.
 Paint and trim accents in off-white, pale peach and green will brighten interior surfaces of the center.
 Renovation work is expected to begin in June and be completed by November 1993.
 Eastland currently has three anchor department stores: Hudson's (485,000 square feet), JCPenney (280,000 square feet), and Kohl's (72,000 square feet). The total leasable area is currently 1,234,730 square feet and will be 1,386,730 square feet once the expansion and renovation are complete. Store expansions and renovations are also expected.
 General Growth Management is coordinating the renovation and expansion project.
 Eastland Center is owned by Equitable Real Estate Investment Management, Inc., Atlanta, which has one of the largest regional mall retail property portfolios in the country.
 Eastland is managed by General Growth Management, Inc. of Minneapolis, one of the nation's largest managers of regional shopping centers. The company currently manages more than 75 retail properties in 29 states.
 -0- 5/10/93
 /CONTACT: Michael Diamantides, general manager, Eastland Center, 313-371-1501/


CO: Eastland Center ST: Michigan IN: REA SU:

SB-JK -- DE013 -- 6511 05/10/93 12:44 EDT
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Publication:PR Newswire
Date:May 10, 1993
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