Woolbright Development Announces Plato’s Closet Opening at London Square in Kendall, Fla.

BOCA RATON, Fla. (October 8, 2010) – Woolbright Development announced that Plato’s Closet will be opening its first Miami location at London Square in Kendall, Fla. Scheduled to have its grand opening in November, Plato’s Closet will occupy 2,880 square feet and sell gently used name-brand clothing and accessories that have been in the retail stores within the past 12 to 18 months. The store opened for buying in September. The store’s hours will be Monday through Saturday 10 a.m. to 9 p.m. and on Sundays from noon to 6 p.m.

“Plato’s Closet will complement the diverse tenant mix at London Square,” said Pete Schlang, Woolbright’s director of leasing. “Here shoppers will have the unique opportunity to not only buy named brand clothes, but also make money by selling their own gently used branded clothing to the store.”

London Square is a 475,000 square-foot shopping center located at the southeast corner of S.W. 120th Street and S.W. 137th Avenue. Anchored by Costco, T.J. Maxx/HomeGoods, Ross Dress For Less, Anna’s Linen’s, Dollar Tree and Party City, the center serves more than 380,000 people and more than 120,000 households in a five mile radius. London Square is the first development in the area to connect the communities of Kendall and Country Walk. Howard Lefkowitz, leasing vice president at Woolbright, handled this transaction.

Woolbright Development is a diversified real estate services company specializing in the acquisition, redevelopment, leasing, management and disposition of shopping center projects throughout Florida. Woolbright’s focus is to provide advisory, consulting and asset management services to institutional investors and individual property owners.Based in Boca Raton, Woolbright exploits its extensive database of market research and industry leading IT capability to deliver market-driven project-specific business plans that generate results consistently outpacing the performance of its peers. During the past decade, Woolbright has acquired, developed and re-developed shopping centers comprising in excess of 7.5 million square feet valued at more than three billion dollars. For more information about Woolbright Development, visit http://www.woolbright.net or call (866) WDI-1230.