Contact: Erin Brock
Andrew J. Groveman
Belz Enterprises



Las Vegas, Nev. (October 2000)-- Belz Enterprises, one of the largest developers of factory outlet malls in the country, has appointed Alan Bond as General Manager of Belz Factory Outlet World - Las Vegas. Belz Factory Outlet World - Las Vegas was recently named the #2 top performing outlet center in the U.S. for 2000 by the nation's outlet retailers in the annual "Top 30" survey conducted by the Outlet Retail Merchants Association (ORMA).

Mr. Bond joins Belz from an executive position in retail property management with Triple Five Nevada Development Corp., the Nevada arm of the development firm responsible for the two largest shopping centers in the world. Prior to his position with Triple Five, Mr. Bond spent eight years as Director of Operations for the Boulevard Mall, Las Vegas, having entered the retail property management profession from the construction management industry.

In his new position as General Manager of Belz Factory Outlet World - Las Vegas, Mr. Bond will be responsible for several functions including coordination of mall sales, special events, general marketing, mall security and overseeing all daily functions at the mall.

"We are delighted to welcome Alan Bond to the management team at Belz Enterprises," said Andrew J. Groveman, President of the Factory Outlet Division of Belz Enterprises. "His extensive retail management experience in the highly competitive Las Vegas market made him the best candidate for the job of General Manager at our most successful property. We expect his solid credentials and general expertise will likely bolster our dominance within the Las Vegas market even further."

Located on Las Vegas Boulevard, just south of the famous Las Vegas Strip, Belz Factory Outlet World offers the finest in factory outlet shopping. Included in the mall's prestigious tenant roster are famous manufacturers such as Nike, OFF 5th - Saks Fifth Avenue Outlet, Reebok, Spiegel, Levi's, Casual Corner Group, Nine West, Lenox, Waterford/Wedgwood and Danskin.

Belz Factory Outlet World - Las Vegas is open 10 a.m. to 9 p.m., Monday through Saturday, and 10 a.m. to 6 p.m. on Sunday.

Belz Enterprises is a leading developer and manager of factory outlet malls nationwide. In addition to Belz Factory Outlet World in Las Vegas, Belz operates Belz Factory Outlet Worlds in Orlando, Fla.; St. Augustine, Fla.; Pigeon Forge, Tenn.; Lakeland, Tenn.; and is currently in construction of the first enclosed factory outlet mall on Puerto Rico.

With headquarters in Memphis, Tenn., Belz is a multifaceted real estate company with more than 25 million square feet of developed property including more than 40 shopping complexes, ranging from community shopping centers to regional malls, as well as industrial/warehouse/distribution facilities and developments, office parks and corporate campuses, hotels such as The Peabody Hotels in Memphis and Orlando, and residential developments.

# # #