The Mall of San Juan Set to Open on March 26

SAN JUAN, Puerto Rico, March 24, 2015 /PRNewswire/ -- The Mall of San Juan will open on Thursday, March 26, bringing the first Nordstrom and Saks Fifth Avenue to the Caribbean, as well as today's most relevant, contemporary retailers.  More than 60% of the center's restaurants and retailers will be unique-to-market.  The 650,000-square-foot shopping center was developed through a partnership between Taubman and New Century Development, Inc.

"The Mall of San Juan brings together an exciting collection of world-class brands that are making their first forays into Puerto Rico," said William S. Taubman, chief operating officer for Taubman Centers.  "With its distinctive offerings and beautiful setting, the center will be a favorite stop for both island residents and tourists."  

The Mall of San Juan retail line-up includes everything from luxury brands to shoppers' favorites.  An asterisk (*) indicates a unique-to-market offering. 

About The Mall of San Juan      
Opening on March 26, 2015, The Mall of San Juan will be a world-class shopping, dining and entertainment destination featuring many distinct, unique to market retailers, including the first Saks Fifth Avenue and Nordstrom in the Caribbean. The center will be open from 9 a.m. to 9 p.m. Monday through Saturday and from 11 a.m. to 7 p.m. on Sunday. It is located at the south end of the Teodoro Moscoso Bridge, five minutes from the Luis Munoz Marin International Airport. For more information visit www.TheMallofSanJuan.com.

About New Century Development    
Puerto Rico-based New Century Development is a real estate development firm focused on the development of the 30-acre parcel of land that hosts The Mall of San Juan.  In addition, New Century is planning to build the hotel and casino portion of the project, and an office tower complex on the site.

About Taubman   
Taubman Centers, Inc. (NYSE: TCO) is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 21 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman's U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Taubman is currently developing five properties in the U.S. and Asia totaling 4.7 million square feet. Taubman, with more than 60 years of experience in the shopping center industry, is headquartered in Bloomfield Hills, Mich., and Taubman Asia is headquartered in Hong Kong. www.taubman.com.

For ease of use, references in this press release to "Taubman Centers," "company," "Taubman" or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management's current views with respect to future events and financial performance. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks and uncertainties.  You should review the company's filings with the Securities and Exchange Commission, including "Risk Factors" in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.

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SOURCE Taubman Centers, Inc.

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