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BURLINGTON COAT, T.J. MAXX SIGN FOR GIMBELS BUILDING, PLAN 145 JOBS

 PITTSBURGH, April 27 /PRNewswire/ -- Richard Penzer, owner and redeveloper of the Gimbels Building, today announced that Burlington Coat Factory and T.J. Maxx have signed as the initial retail tenants for the building, action that will bring 145 jobs to downtown Pittsburgh.
 "We're very excited about bringing two prestigious national retailers to downtown Pittsburgh," Penzer said. "We are very confident that Burlington and T.J. Maxx will serve as a magnet for other quality retailers.
 "The jobs they will create in Pittsburgh are important. But just as significant for the long term are the trade they will generate and the renewed vigor they will provide for the central business district."
 Burlington Coat will occupy 94,000 square feet in the basement and sub-basement of the 14-story building and expects to employ 75 people initially.
 "We're very pleased to have Burlington Coat Factory participate in the revitalization of downtown Pittsburgh," said Monroe Milstein, chairman of Burlington Coat Factory. "We'll be able to offer shoppers the largest selection of coats in the world...ladies' dresses and sportswear...men's clothing...children's clothing...linens and bath accessories...baby furniture...and all on one floor."
 T.J. Maxx, a national off-price retailer which sells brand name and designer fashions for the entire family at prices 20 percent to 60 percent less than department and specialty stores, has signed on for 44,000 square feet on the second floor and an additional 7,000 square feet on the third floor for stock purposes. The company's operating workforce will total about 70 people.
 "T.J. Maxx is very pleased to enter downtown Pittsburgh," said Richard Lesser, T.J. Maxx president. "We hope to provide an added convenience for the many customers who faithfully shop our six suburban stores and to introduce T.J. Maxx to Pittsburgh's urban community."
 The Gimbels Building had been vacant for five years before Penzer acquired it last November. His comprehensive redevelopment plan for the structure includes five floors for retail use and the balance for office space and related purposes.
 Other aspects of the redevelopment have advanced as well, including:
 -- McCormick Associates, a Pittsburgh firm, has been awarded the interior and architectural design contract for the building. Renovations, including a complete sandblasting, are in progress.
 -- Grubb & Ellis Co. has been retained as leasing agent for the office portion of the building.
 -- Judy Penzer, Penzer's sister and a portrait artist, will begin work this week on an outdoor mural for the building. The painting will feature area residents -- including some prominent personalities -- in a shopping mode. The mural will be affixed to the Gimbels Building for a period, then transferred to a suitable indoor location.
 Judy Penzer previously painted an outdoor sports mural featuring five Pittsburgh legends for a Richard Penzer property at 500 Wood St. in downtown Pittsburgh.
 -0- 4/27/93
 /CONTACT: Evan Pattak of Evan M. Pattak Associates, 412-771-8700, ext. 1440, for Richard Penzer/


CO: Burlington Coat Factory; T.J. Maxx ST: Pennsylvania IN: REA SU: CON

CD-DM -- PG011 -- 1412 04/27/93 13:01 EDT
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Date:Apr 27, 1993
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