Men’s Retailer Bachrach announces store at Chesterfield Towne Center

RICHMOND, Va. – Aug. 11, 2008 – Chesterfield Towne Center today announced the addition of Bachrach, an upscale men’s apparel and accessories store. The center will be the retailer’s first Richmond location and is expected to open in November 200

“The addition of Bachrach will offer shoppers a unique retail destination that is not currently available in Richmond,” said Tom Coover, property manager of Chesterfield Towne Center. “It’s another exciting part of our remerchandising efforts to bring more upscale and unique retailers to our center.”

The Bachrach brand features men’s suits, detailed dress shirts, and distinctive silk ties as well as other fashion essentials for the business professional and fashion-conscious male. Bachrach has developed a philosophy of dressing men, while having the ability to adapt the clothing business to the ever changing social landscape and tastes of its shoppers.

“As a true specialty shop we offer the essentials to take men from ‘work day to night life,” stated Chris Arnold, vice president of marketing and advertising. “Also, as part of our ongoing commitment to personalized service and selection we are proud to offer a luxurious portfolio of Custom Tailored Clothing, a made-to-measure program featuring custom tailored suits.”

Bachrach will feature both exterior and interior entrances on the Huguenot Road side of Chesterfield Towne Center which has been undergoing redevelopment. The new store will occupy 4,140 square feet and will be located near the North mall entrance and Coldwater Creek. Bachrach expects the new store to open in mid-November. Bachrach’s other Virginia location is at Macerich’s Tysons Corner Center in McLean.

“We are happy to be part of the Richmond community and take pride in offering our customers an inspiring selection of men’s wardrobe options and unparallel personalized service,” said Arnold. “We are delighted to introduce ourselves and our unique selection of suits, suit separates, dress shirts, ties, casual clothing, jeans and accessories to Richmond.”

Bachrach was first opened in 1877 by a young man named Henry Bachrach. Mr. Bachrach opened his first store in Decatur, Illinois and his goal was to provide quality clothing at reasonable prices.

“Today, after more than 130 years we still hold that same commitment to providing the highest quality clothing and value to our customers,” Arnold said.

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In the past year Chesterfield Towne Center has announced six new retailers including Aldo, Barnes & Noble, Charlotte Russe, Coldwater Creek, Hollister and Red Robin. At the same time,
the center has been redeveloping the Huguenot Road side of the center to create a streetscape atmosphere with exterior facing retail.

“We continue to reinvent Chesterfield Towne Center to elevate the shopping experience by offering new retail options for Richmond shoppers such as Bachrach,” stated Coover.

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Bachrach is owned by a group of private investors headed by Brian Lipman. Bachrach’s distribution and customer service operations remain in Decatur, Illinois, while its corporate headquarters is located in the heart of the garment district in New York City. In addition, Bachrach operates over 47 stores in major metropolitan markets across 16 states as well as a nationally distributed catalog and e-commerce business at www.bachrach.com.

Chesterfield Towne Center is a regional shopping center in Richmond, Va. located at the intersection of Midlothian Turnpike and Huguenot Road. Featuring 130 stores, services and restaurants, it is one of the largest shopping centers in Richmond with close to one million square feet of gross leaseable area (GLA). For more information, please visit the mall Web site at www.chesterfieldcenter.com.

Macerich is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. The company is the sole general partner and owns an 86% ownership interest in The Macerich Partnership, L.P. Macerich now owns approximately 77 million square feet of gross leaseable area consisting primarily of interests in 72 regional malls. Additional information about Macerich can be obtained from the Company’s Web site at www.macerich.com.

Media Contacts:

Denise Smith, Marketing Manager,
804.794.4662/804.337.3474, [email protected]

Chris Arnold, VP of Marketing and Advertising, Bachrach,
212.354.4927/917.880.0631, [email protected]

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