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Ulta Beauty Signs a New Lease at Tollgate Marketplace

Retail Properties of America, Inc. announced it has signed a new lease with Ulta Beauty at Tollgate Marketplace in Bel Air, Maryland.
Since the beginning of 2014, the Company has signed six new leases with Ulta Beauty, representing approximately 62,800 square feet. In addition, Tollgate Marketplace is undergoing numerous facade upgrades to modernize the center.

Tollgate Marketplace is a power center located at the intersection of Route 24 and Route 1, across from Hartford Mall, in downtown Bel Air. It is surrounded by affluent neighborhoods with average household income of $112,000 and population of 113,000 within a five-mile radius of the property.

Tollgate Marketplace in Bel Air, Maryland

Ulta Beauty is the largest beauty retailer providing one-stop shopping for salon products and services in the United States. Ulta Beauty will occupy approximately 11,000 square feet and will join a strong mix of retailers, including T.J. Maxx, Michaels and Party City. The retailer now has 15 locations across RPAI's portfolio.

In addition, the property is undergoing various facade upgrades to improve tenant sightlines and increase overall visibility to retailers, including the removal of metal roofing and cement pillars, larger sidewalks, new awnings, fresh paint and improved store signage.

"The signing of Ulta Beauty speaks to the strength of this asset and we are very pleased to welcome them to our center," stated Greg Goldberg, vice president and leasing director – north region. "In addition, the facade upgrades will make this strong center even more successful by modernizing the look and feel of a popular shopping destination, improving the overall customer experience."

Facade upgrades are expected to be completed at the end of July with Ulta Beauty opening in early fall of 2015.

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