Simon® Expands Relationship with Five Below in 2023

Key Facts

In addition, Five Below is also opening at Great Mall, a Mills property, in Milpitas, CA, and at Miller Hill Mall in Duluth, MN this year as well as undergoing a full remodel at Arundel Mills in Hanover, MD. "Expansion to 3,500-plus stores is a key strategic pillar of our vision for growth, and our relationship with Simon is core to continuing our national expansion efforts.
We look forward to our partnership with Simon and serving new communities and customers with our fun and value-based experience with the opening of each new store this spring and summer," said George Hill, Chief Retail Officer of Five Below.
"The expansion of our relationship with Five Below comes as a result of the success of the 21 stores that are currently in our Malls and Mills properties and is a natural extension of our commitment to growth," said Paul Ajdaharian, Senior Vice President of Leasing at Simon.
Today, Simon operates or has an ownership interest in more than 250 premier retail destinations around the world and Five Below operates 21 stores within the Simon portfolio.