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FLAGSTAFF MALL INVESTS IN NEW AND IMPROVED FEATURES TO INCREASE COMMUNITY GROWTH

Shopping Center Adds More Food and Beverage, As Well As Indoor/Outdoor Entertainment Activities to Elevate Visitor Experience

FLAGSTAFF, Ariz. (June 2020) – Flagstaff Mall, in response to deliver a more community-focused experience, announces new redevelopments of the center, as it excitingly re-opens doors for its patrons. The new enhancements of food and beverage tenants, with entertainment and community-driven activities, aims to progress the center’s overall vibrant visitor experience. With the recently added Starbucks and Hobby Lobby replacing Sears, Flagstaff Mall plans to continue to add to its significant and demanded tenant line up.“You may have noticed some construction going on the past few weeks,” said Kirk Williams, Managing Director of Cypress Equities -- the developer behind the shopping center’s improvements. “We are making some necessary and unique changes for Flagstaff Mall, which include a more activated West Wing and an outdoor communal area. Although shopping is still a major component of Flagstaff, these new features will add tremendous value and enjoyment to each and every visit for both locals and visitors alike.”Construction for the remodel started in early May 2020 with the mission of re-growing community involvement. The project focuses on redeveloping major areas on the JC Penney’s west-wing of the center, which promotes these efforts, such as an entertainment-focused outdoor area that will host seasonal events, music performances and family-friendly entertainment. New food and beverage tenants will also be added to the current mix, offering more of a shop, dine, play, stay environment for all ages. “While shopping continues to evolve, it is critical that we embrace our changing times while maintaining a great place to shop and connect with friends and family,” said the General Manager of Flagstaff Mall, Bonnie Bouschet. “This will also enable us to put on more community events, bringing additional excitement.”The remodel is set to complete Fall of 2020.

About Flagstaff Mall

Flagstaff Mall is an enclosed regional shopping center serving all of northern Arizona and is located on US Highway 89 and the famous Route 66. Anchored by Dillard’s, JCPenney and Hobby Lobby (coming soon), the 388,000-square-foot shopping center also showcases a strong lineup of national retailers including Bath & Body Works, The Children's Place, Foot Locker, GameStop, Rack Room Shoes, Kay Jewelers, Journeys, Victoria’s Secret, Buckle and many more. Flagstaff Mall includes a food court with seating for more than 200 patrons. The mall was developed in 1979, expanded in 1987 and was renovated in 2007. Standard hours of operation are 10am – 9pm Monday through Saturday and 11am – 6pm Sunday. Visit www.flagstaffmall.com for more information.

About Cypress Equities

Cypress Equities* (Cypress) was founded in 1995 and has since established a national reputation synonymous with the premier development, operation and management of destination-class retail and mixed-use properties throughout the United States. Historically, Cypress has developed and acquired more than 20 million square feet and currently is developing and managing a portfolio primarily focused on retail and mixed-use properties. Today, there are three Cypress Equities offices in the U.S., including Dallas (headquarters), New York and Atlanta. Visit www.cypressequities.com for more information.* The Cypress Equities name, logo and other marks are trademarks and service marks being licensed to independent operating companies by CE Brands, LLC. Any particular obligation, service or product is the sole responsibility of the specific entity that incurs such obligation or supplies such service or product.

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