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.”
To read the full article, please click here.