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Crazy 8 Opens at 5th Avenue Mall Oct. 15


Gymboree Offers Extended Selection of Childrens’ Clothing  -- Most Significant Offering North of Seattle

ANCHORAGE, AK, October 15, 2009 – Anchorage 5th Avenue Mall, a 5-level shopping center that houses many stores exclusive to the center within  Alaska, opened its doors for Gymboree’s Crazy 8 childrens’ clothing store on October 15th.

Crazy 8 is the first store of its kind not only within Anchorage 5th Avenue Mall, but is the first to open in the state of Alaska. With the next closest store located in Seattle, Crazy 8 will provide Anchorage shoppers with a broader selection of newborn, baby and children’s clothing, ranging in sizes from 4 to 14.

“By adding this new retail store to our mall, we provide our shoppers with the highest quality shopping experience for children’s clothes in our market,” said Maegan Kaser-Lee, marketing director at Anchorage 5th Avenue Mall. “The opening of Crazy 8 supports our pledge to provide our shoppers with those quality retail stores that they want to visit.”

Crazy 8 is a part of the Gymboree family, which currently features a location at Anchorage 5th Avenue. The new 2,311-square-foot store is located on the second floor of the mall next to Eddie Bauer and the Nordstrom’s skybridge.

Thai Garden also became a recent addition to the Anchorage 5th Avenue Mall family when it opened its doors a few months ago. Located in the food court, the new location offers a variety of Thai cuisine, featuring pad thai dishes, curry and fresh spring rolls.

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About Simon Property Group

Simon Property Group, Inc. is an S&P 500 company and the largest public U.S. real estate company. Simon is a fully integrated real estate company which operates from five retail real estate platforms: regional malls, Premium Outlet Centers®, The Mills®, community/lifestyle centers and international

properties. It currently owns or has an interest in 387 properties comprising 263 million square feet of gross leasable area in North America, Europe and Asia. The Company is headquartered in Indianapolis, Indiana and employs more than 5,000 people worldwide. Simon Property Group, Inc. is publicly traded on the NYSE under the symbol SPG. For further information, visit the Company's website at www.simon.com.

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