Five Below to Open at The Shoppes at Parma

PARMA, Ohio–(BUSINESS WIRE)–PREP Property Group is excited to announce that Philadelphia-based
retail brand Five Below is the latest retailer to join The Shoppes at
Parma. The 9,125-square-foot store will be located west of JCPenney
facing the West Ridgewood Drive entrance. The new Five Below is
anticipated to open in the spring of 2019.

We are excited to announce the addition of Five Below to The Shoppes at
Parma redevelopment,” said Michelle Devlin, General Manager – The
Shoppes at Parma. “This fast-growing chain will offer a variety of
merchandise at an affordable value.”

Five Below joins a line-up of family-friendly retailers at The Shoppes
at Parma including Old Navy, A.C. Moore Arts & Crafts, Chuck E. Cheese’s
and Burlington (also scheduled to open in spring 2019).

About Five Below

Five Below is a rapidly growing specialty value retailer offering a
broad range of trend-right, high-quality merchandise targeted at the
teen and pre-teen customer. With more than 700 stores, Five Below offers
a dynamic, edited assortment of exciting products in a fun and
differentiated store environment, all priced at $5 and below. Select
brands and licensed merchandise fall into the Five Below special worlds:
Style, Room, Play, Tech, Create, Party, Candy and Now. For more
information visit

About The Shoppes at Parma

Shoppes at Parma
is nearing completion of an exciting transformation
through its multi-phase redevelopment. The 750,000+ square-foot open air
center is anchored by JCPenney, Dick’s Sporting Goods, Walmart
Supercenter and Marc’s grocery store and features specialty retailers,
services and a wide variety of dining options. The Shoppes at Parma is
located just eight miles southwest of downtown Cleveland at the
intersection of Ridge Road and West Ridgewood Drive. For more
information, visit

About PREP Property Group (PREP)

PREP Property Group is a vertically-integrated real estate company built
on the foundation of key divisions of Phillips Edison & Company. PREP is
focused on repositioning and remerchandising lifestyle centers, power
centers and enclosed malls that are undermanaged, capital-starved,
poorly merchandised and/or distressed through its Strategic Investment
division. The company also acquires well-located, triple-net lease
retail properties from non-institutional sellers and creates value
through lease term restructure or extension.


Betty Weibel, Yopko Penhallurick