"Our philosophy has always been to expand where there'ssuccess," says a spokeswoman for Chelsea Property Group. "Tokyo isa huge market for us, and Sano has been a wonderful project."

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Located at the intersection of the Tohoku Expressway and Route50, about 50 miles north of Central Tokyo, the center opened in2003. It was expanded in July 2004, and again in 2006. Tenantsinclude Armani, Coach, Cole Haan, Furla, Harrods, Lanvin, NineWest, OshKosh B'Gosh, Theory, Tumi and Wedgewood. New or upsizingtenants in the new phase include Escada, Etro, Gap, Gucci,Katharine Hamnett, Levi's, Ralph Lauren, Salvatore Ferragamo,Seiko, Sergio Rossi, Under Armour and Yves Saint Laurent.

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Approximately 14 million people live within a 90-minute drive ofSano in an area ranging from north Tokyo to north Tochigi. TheNikko area also attracts approximately 6.5 million visitorsannually.

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Sano is one of six Chelsea outlets operating in Japan, which asa group posted same store sales of $791 per square foot in 2007.The seventh, Sendai-Izumi Premium Outlets in Sendai City, opens inOctober, and Ami Premium Outlets will open in 2009. Chelsea JapanCo. is a joint venture of Simon Property Group, Mitsubishi EstateCo. Ltd. and Sojitz Corp.

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