Aronov News

Hot Springs Mall Announces Bright New Look

For Immediate Release - December 14, 2004
Contact: Bruce Harvey or Susan Austin
501.525.3254 or bruce.harvey@aronov.com

Hot Springs, AR - The excitement was electrifying today as Hot Springs Mall officials announced the details of an extensive renovation of the existing mall complex and the addition of unique amenities. Serving a trade area population of over 384,000, Hot Springs Mall has been a popular shopping destination since its opening in 1982.

“We have continually refreshed the merchant mix with new store openings and now, with the complete renovation of the interior of the shopping center, we are delighted to provide shoppers with a brighter, exciting and even more comfortable environment in which to shop,” said Bruce Harvey, General Manager of Hot Springs Mall. “We want to ensure that shopping at Hot Springs Mall is a great experience for every family member on every visit. This extensive renovation effort is our commitment to Hot Springs Mall shoppers and our way of thanking them for their loyalty,” said Harvey.

Montgomery, Alabama-based Aronov Realty Management, Inc., who leases and manages the mall, announced that work is set to begin in the first quarter of 2005.

Hot Springs Mall will welcome shoppers with a warm new color scheme including a patterned carpet design combining earth tones and accent colors. The new center court fountain will be a focal point of the enhanced interior of the mall which will feature new lighting, new ceilings and new interior landscaping. Exterior mall renovations include improvements to the parking areas, upgraded lighting as well as new landscaping.

One of the highlights of the renovation will be the introduction of the area’s first “residential-style” soft seating areas. Placed throughout the mall, these areas will create “at home” comfort with soft, cushioned furniture, tables and lamps, all on beautiful new carpeting. A new Customer Service Center will complement the other new furnishings in the mall. Improved accessibility and a host of shopping services will be available through the custom-designed center.

“Our goal is to bring to customers throughout the area a shopping mall that looks brand new and to provide them with a comfortable environment to shop their favorite stores all under one roof,” said John Bemis, Senior Vice President of the Shopping Center Division of Aronov Realty Management.

The construction will be carried out in stages with little or no inconvenience to retailers or shoppers. All stores will remain open during regular operating hours. “We're going to make shopping at Hot Springs Mall interesting, fun and exciting during the renovation with planned activities that will carry out our renovation theme,” said Harvey.

Hot Springs Mall, which is anchored by Dillards, JCPenney and Sears, employs more than 800 people from the Garland County area. With annual sales of approximately $70 million, the mall generates approximately $6 million in city and county tax revenue each year.

Aronov Realty is the largest privately-owned, fully diversified real estate company in the Southeast and provides acquisition, development, management, leasing and brokerage services for its own portfolio of over 100 retail, office and multi-family properties and for properties owned by third parties.

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