Turnberry Associates Appoints Michael S. Wethington

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AVENTURA, Fla. – (November 2, 2006) – Turnberry Associates, a national leader in real estate development, recently appointed Michael S. Wethington as general manager of Town Square, a 1.5 million square-foot super regional lifestyle center slated to open in fall 2007 on the Las Vegas Strip. During the next year, Wethington will work closely with Town Square’s development, construction, marketing and leasing teams, as well as its individual retailers, to ensure all areas of the center are operational in anticipation of its grand opening. He also is responsible for hiring Town Square’s management, and once the center opens, will oversee all day-to-day functions.

Town Square, being developed by Turnberry and Centra Properties, will revolve around a village-style setting, creating a one-of-a-kind shopping and dining experience in the open-air, Main street-themed environment. With more than 150 retail shops, over 12 restaurants and an 18-screen movie theater, Town Square will provide a new indoor and outdoor gathering place for people across the valley.

Town Square will be anchored by Robb & Stucky, Borders and 24-Hour Fitness. Fry’s Electronics store, adjacent to the site, will be incorporated as a Town Square anchor.
Wethington comes to Turnberry with 16 years of retail-management experience. Prior to joining the company, he served as general manager of Victoria Gardens, a 1.2 million square-foot open-air town center in southern California. There, he prepared the center for its October 2004 grand opening and then oversaw all operations.

Wethington served in a similar capacity at Galleria at Sunset, a large retail center in Nevada. In both positions, he was responsible for all property management, as well as recruiting leasing tenants for the new space created by center expansions.
“Michael is the ideal candidate to oversee the exciting developments taking place at Town Square,” said Joseph C. Szymaszek, Turnberry’s vice president of retail operations. “His broad experience will help ensure the success of the center through its opening and beyond.”
Wethington also spent seven years in various positions with JC Penney, one of the largest department store, catalog, and e-commerce retailers in the U.S.
He earned a Bachelor of Business Administration from New Mexico State University in 1989, majoring in Finance and Real Estate.

About Town Square: Town Square is a 1.5 million-square-foot super regional lifestyle center under construction on 117 acres south of Mandalay Bay on Las Vegas Blvd. More than 150 shops and over 12 restaurants will debut in the main-street themed destination. Shops slated to open at Town Square include 24-Hour Fitness, Abercrombie & Fitch, Aldo, American Eagle, Apple, Banana Republic, Bath & Body Works, BCBG, Body Shop, Borders, Cache, Chico’s, Crabtree & Evelyn, Design Within Reach, Eddie Bauer, Elisabeth, Express, Finish Line, Fossil, Fry’s Electronics, Godiva, Guess, Hollister Co., J. Crew, Limited Too, Lucky Brand, MAC, Metro Park, Michael Stars, Oakley, Pac Sun, Puma, Replay, Robb & Stucky, Sigrid Olsen, Sketchers, Solstice, Soma, Steve Madden, Sunglass Hut, Victoria’s Secret, The Walking Company, White House/Black Market and many others.

Restaurants will include Tommy Bahama’s Tropical Café, Yard House and Texas de Brazil, all of which will make their Las Vegas debut at Town Square. Well-known restaurants including Brio and Claim Jumper also will open venues within Town Square.

About Turnberry Associates: Founded in 1967 by Donald Soffer, Turnberry Associates is one of the country’s leading full-service real estate development and property management firms. The company has to its credit the development of more than $7 billion in commercial and residential property. This includes approximately 20 million square feet of retail space, more than 5,000 luxury apartments and condominium units, 1.5 million square feet of class-A office space and in excess of 2,000 hotel and resort rooms.

For more information, please call (305) 937-6200 or visit online at www.turnberry.com.


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Contact: Matt Levinson/Linda Villafane
O’Connell & Goldberg, Inc.
(954) 964-9098
mlevinson@oconnellgoldberg.com
lvillafane@oconnellgoldberg.com

Stacy Gold
Turnberry Associates
(702) 732-9797
golds@turnberrylv.com