Abe Schear Quoted in AJC Article Discussing Hermès’ Opening at Phipps Plaza

AGG Real Estate partner Abe Schear was quoted in an article published on September 12, 2022, by the Atlanta Journal-Constitution titled “Hermès to Open Location at Phipps Plaza Amid Wave of Luxury Investment.”

Hermès, a French luxury goods brand, signed a lease for a 7,000-square-foot store opening in summer 2024 at Buckhead’s Phipps Plaza, which is owned by Simon Property Group.

Abe stated that it is significant that Hermes is choosing to return to a Simon property.

“[Hermès] clearly has decided that it wants to rub elbows with tenants that have customers who are affluent,” Abe continued. “That has been something that’s been enhanced as [Simon] completely repositioned Phipps Plaza as a residential office project with a retail component as opposed to 20 years ago when it was only a retail project.”

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