the Marshall Field's store limiting the success of the new expansion. Subsequent solutions to solve the problem with signage and a bypass through the parking garage did not have much success in changing this issue. This brought the mall to almost 1.6 million ft². In February 1989 the Galleria was 93% occupied, making it the mall with the fifth highest percentage of occupied space in the Houston area. In 1996 Dayton-Hudson Corporation (now Target Corporation), parent company of Marshall Field's, exited the Texas market and sold its Marshall Field's Texas stores. The San Antonio location was sold to Macy's, and three Houston and Dallas stores to Saks Fifth Avenue. Saks Fifth Avenue would relocate its Post Oak Boulevard location into the Galleria as a flagship location after extensive renovations. The new Saks Fifth Avenue opened in 1997. Hines Interests sold the mall in 1999 to a partnership of Urban Shopping Centers, Inc. and institutional funds advised by Walton Street Capital, LLC. The Walton Street affiliated funds separately purchased the office and hotel buildings at this time. Urban, in turn, was purchased by Netherlands-headquartered real estate investment group Rodamco North America, N.V. in 2000. Rodamco sold part of its stake in 2001 to the real estate investment arm of CalPERS as it tried to thwart a hostile takeover by a consortium including Westfield Group and Simon Property Group. Ultimately unsuccessful in preventing the buyout, Rodamco's ownership interest and management operation of the mall was acquired by Simon Property Group in early 2002. During these rapid ownership changes, development continued on a third expansion of the shopping center, known as Galleria IV. Completed in March 2003, it added to the south, anchored by Nordstrom and Foley's, as well as an additional 70 stores. Upon completion of Galleria IV, the shopping mall totaled 2.4 million ft² (220,000 m²) of retail space which included many high-end boutiques, such as Rolex, Escada, Ferragamo, Van Cleef & Arpels, Tods, Kenzo, Graff, Hublot, Dolce & Gabbana, Fabrege, Chopard, Christian Dior, DeBeers, Bottega Veneta, Balmain, Alexander McQueen, Tom Ford, Louis Vuitton, Gucci, Kate Spade, Cartier, Carolina Herrera, Ralph Lauren, Giorgio Armani, Jimmy Choo, Bvlgari, Valentino, Coach, Fendi, Chanel, Christofle, Tiffany & Co. Yves Saint Laurent, Burberry, Versace, Prada, Celine, Balenciaga, and Tory Burch. In January 2005, Lord & Taylor closed their store, with its former space being partially demolished and incorporated into the mall as an additional 100,000