CEDAR RAPIDS, Iowa – Frew Development Group, LLC is pleased to announce it has signed a lease with Ross Dress for Less® (“Ross”) at Westdale Mall in Cedar Rapids, Iowa. Ross Dress for Less is the largest off-price apparel and home fashion chain in the United States. This new location represents the retailer’s expansion into Iowa, as well as continued growth in new markets in 2017 and beyond.
Ross will join JCPenney, Younkers and Burlington as anchor tenants at Westdale Mall. The new store will be located in the ground level of the former Von Maur building at the center of the Westdale development between the newly created entrances to Younkers and JCPenney.
“The addition of Ross is another significant milestone for the redevelopment of Westdale Mall. We are very proud and excited that Ross Dress for Less has chosen Westdale Mall in Cedar Rapids as it shows their confidence in both the market and in Westdale Mall. Ross will further strengthen the draw of Westdale Mall as a shopping destination within the Corridor by presenting a new affordable shopping experience to the market,” said Lisa Rowe, Vice President, Retail / Westdale General Manager.
About Ross Stores, Inc.: Ross Stores, Inc. is an S&P 500, Fortune 500 and Nasdaq 100 (ROST) company headquartered in Dublin, California, with fiscal 2015 revenues of $11.9 billion. Currently, the Company operates Ross Dress for Less, the largest off-price apparel and home fashion chain in the United States with 1,342 locations in 36 states, the District of Columbia and Guam as of October 29, 2016. Ross offers first-quality, in-season, name brand and designer apparel, accessories, footwear and home fashions for the entire family at savings of 20% to 60% off department and specialty store regular prices every day. The Company also currently operates 193 dd’s DISCOUNTS in 15 states as of October 29, 2016 that feature a more moderately-priced assortment of first-quality, in-season, name brand apparel, accessories, footwear and home fashions for the entire family at savings of 20% to 70% off moderate department and discount store regular prices every day. Additional information is available at www.rossstores.com.
About Westdale Mall: Westdale Mall is the former 900,000sf, 72 acre regional mall in Cedar Rapids, Iowa that is being repositioned as a mixed-use development by Frew Development Group, LLC. Westdale has been managed and operated by Westdale CR Ventures #1, LLC, a subsidiary of Frew Development Group. For more information, visit www.westdalecr.com.
About FDG: Frew Development Group, LLC is a private real estate development company based in Denver, Colorado. For more information, visit www.frewdevelopment.com.