Washington Prime Group Inc. (fka WPGGQ)

[Enterprising Investor]

FieldhouseUSA to Join the Outlet Collection™ | Seattle (2/20/19)

Reinforces Outlet Collection as the Community Hub for Retail, Dining, Entertainment and Mixed Use

COLUMBUS, Ohio, Feb. 20, 2019 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE: WPG) today announced that FieldhouseUSA will join The Outlet Collection | Seattle, a Tier One asset situated in Auburn, Washington. This redevelopment of a former Sam’s Club is anticipated to serve as a significant athletic and entertainment attraction drawing visitors from a sizable regional catchment.

Lou Conforti, CEO and Director of Washington Prime Group stated: “FieldhouseUSA exemplifies the tenant diversification mandate we at Washington Prime Group believe is our primary objective. They enfranchise a community by serving as host to leagues, events and tournaments as well as providing individual fitness and training facilities. They currently average 1.6M visitors and I can only imagine how many hungry and thirsty athletes will find themselves at our dining venues or realize they need a new pair of sweatpants. The Outlet Collection | Seattle will be their fourth location and I am so excited, I hereby challenge any and all of our shopping center and regional mall peers to a dodgeball tournament.”

Due to The Outlet Collection | Seattle’s prime location in the heart of the densely populated Seattle and Tacoma corridor, FieldhouseUSA is expected to draw a significant increase in annual visitors to the center, benefitting existing tenants and generating strong future leasing demand for both mixed and retail uses. FieldhouseUSA at The Outlet Collection | Seattle is expected to open in early 2020.

FieldhouseUSA is a community-based facility specializing in sports leagues, events and tournaments. It serves area residents by offering year-round league play in team sports such as basketball, soccer, volleyball, flag football and futsal. Fieldhouse USA also offers programs for individuals such as: performance training, fitness, adventure exhibits, all-sports camps, baseball/softball, birthday parties, boot camps, cheerleading, club volleyball, corporate events, dodgeball, lock-ins, skills training, taekwondo, and tumble.

Gary L. Oliver, CEO and Principal of FieldhouseUSA commented: “FieldhouseUSA is a welcomed indoor facility to Auburn’s current renowned venues that include bike trails, golf courses, fishing areas and its extensive parks system. We are pleased to bring this incredible opportunity to Auburn, The Outlet Collection and its neighboring communities. Residents will enjoy an exceptional multi-purpose indoor sports adventure EXPERIENCE and all of the amenities and privileges of a state-of the-art facility. We want to thank Washington Prime Group for bringing this facility to life, and on behalf of my partners, Terry Casey and John Vines, we look forward to serving the Auburn community for many years to come.”

FieldhouseUSA hosts a wide range of events and tournaments, which cater to the select, club and recreational teams across the US. This tournament series generates sales tax dollars annually and is expected to have a major economic impact for the city of Auburn and surrounding areas. FieldhouseUSA averages over 1.6M visitors annually and is geared for both recreational and competitive athletes.

The addition of FieldhouseUSA demonstrates the Company’s commitment to the community, while illustrating its mandate to diversify tenancy and further solidify the asset as the dominant hybrid town center offering a dynamic mix of retail, dining, entertainment and sports & wellness options.

Outlet Collection Seattle is anchored by a dynamic mix of retail, entertainment and dining options, including a Nordstrom Rack, Bed Bath & Beyond, Burlington Coat Factory and H&M. Over the past 24 months, The Outlet Collection Seattle has seen more than 82,000 SF of new or remodeled tenants open at the center including Dave & Busters. Recent new openings include Columbia Sportswear, Kate Spade, Ulta Beauty and Forever 21.

About FieldhouseUSA

FieldhouseUSA has developed and currently operates three facilities, with two more currently under construction. FieldhouseUSA is a multi-purpose indoor facility that offers a variety of sporting activities, and skill levels, where everyone has a place to play while creating an amazing EXPERIENCE for ALL that enter the FieldhouseUSA doors! Learn more at www.fieldhouseusa.com.

About The Outlet Collection™ | Seattle

The Outlet Collection | Seattle is the largest outlet center in the Pacific Northwest. Conveniently located in Auburn, WA at Highway 18 and State Route 167, The Outlet Collection | Seattle is an easy escape from the busy city. Learn more at www.outletcollectionseattle.com.

About Washington Prime Group

Washington Prime Group Inc. is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties. The Company combines a national real estate portfolio with an investment grade balance sheet, leveraging its expertise across the entire shopping center sector to increase cash flow through rigorous management of assets and provide new opportunities to retailers looking for growth throughout the U.S. Washington Prime Group® is a registered trademark of the Company. Learn more at www.washingtonprime.com.

https://globenewswire.com/news-release/2019/02/20/1738218/0/en/FieldhouseUSA-to-Join-the-Outlet-Collection-Seattle.html