PizzaFire and Pulp Juice and Smoothie Bar Coming to The Shoppes at Parma

Restaurant Collection Continues to Expand

PARMA, Ohio–(BUSINESS WIRE)–PizzaFire, a rapidly growing pizzeria chain, has signed a lease for a
new location at The Shoppes at Parma. Owners of the shopping center,
PECO Real Estate Partners (PREP), also announced a lease with Pulp Juice
and Smoothie Bar. Both restaurants will open this fall, along with a
growing list of new retailers.

PizzaFire offers authentic Neopolitan pizza, handcrafted with fresh
ingredients and fire-baked in just three minutes. Cleveland-based chef
Sean Brauser, CEO, opened the first PizzaFire location in Akron in 2014
and quickly expanded to include five locations in Northeast Ohio and one
in Columbus. The Parma restaurant is one of nine additional Northeast
Ohio locations coming soon.

Brauser said, “We chose The Shoppes at Parma because we believe in
community. It’s one of our core principles. And what better community is
there in Northeast Ohio than Parma and the rejuvenation that this new
project brings to the city? We are very excited to bring fast casual
pizza to Parma and the surrounding areas.”

Pulp Juice and Smoothie Bar selected The Shoppes at Parma for its 18th
location in Cleveland/Northeast Ohio. The 1,000-square-foot store will
offer smoothies made with real fruit and vegetable juices as well as
fresh-made wraps, healthy salads and delicious party trays.

Elaine Poland, Pulp owner, said, “I remember shopping at Parmatown as a
child. Now I’m excited be part of The Shoppes at Parma and join the many
new tenants opening this fall. I’ve always loved the area and I’m
looking forward to its continued revitalization.”

Robyn Hays, PREP’s senior leasing director, said, “We are excited about
adding two more great choices to our restaurant collection. When Phase 1
of our redevelopment is completed this fall, shoppers and area residents
can choose from PizzaFire, Pulp, Fast Eddie’s, Panera Bread, Chipotle,
Jimmy John’s, Five Guys, Mission BBQ and Antonio’s. That’s a great
line-up of restaurants to complement the mix of new stores opening in
the next few months.”

Key elements of The Shoppes at Parma’s redevelopment include:

– New Dick’s Sporting Goods and remodeled JCPenney with Sephora, now open

– 2016 groundbreaking to expand existing Walmart to a Super Walmart

– New stores and services now open: AT&T, Mattress Firm, PetValu, GNC,
Panera Bread, Chipotle, Jimmy John’s, Fast Eddie’s, Aspen Dental, Chase
Bank, Sports Clips, H & R Block

– Opening this year: PizzaFire, Pulp, Rally House, Shoe Dept. Encore,
ULTA, Gordmans, Five Guys, Fitworks, T-Mobile, Mission BBQ

PECO Real Estate Partners has incorporated the development and
strategic retail divisions of Phillips Edison & Company (PECO) to focus
on acquisition, repositioning and management of power and lifestyle
centers, enclosed malls, mixed-use retail projects and single-tenant
developments. Through the execution of a focused investment strategy,
PREP identifies optimal locations and leverages its long-standing
relationships with brokers, property owners and retail tenants to
identify and capitalize on development and redevelopment
opportunities. For more information, visit www.pecorep.com.

Contacts

PECO Real Estate Partners
Linda Fatherree, 513-607-4374
linda@fatherree.com