Content about Macerich

February 27, 2014

Robert Graham has signed a new lease agreement to open a branded retail store featuring the full Robert Graham collection in Scottsdale Fashion Square, Scottsdale, Ariz.

New York -- Robert Graham has signed a new lease agreement to open a branded retail store featuring the full Robert Graham collection in Scottsdale Fashion Square, Scottsdale, Ariz. The store, slated to open in spring 2014, will carry the complete range of Robert Graham, including men's sportswear, premium denim, footwear, furnishings, accessories, outerwear, and women's sportswear.  

December 12, 2013

Deliv, the same-day delivery company, announced alliances with three of America’s largest mall operators, Simon Property Group, Macerich, and Westfield, to provide the convenience of same-day service to shoppers in malls across the U.S. starting this holiday season.

Palo Alto, Calif. -- Deliv, the same-day delivery company, announced alliances with three of America’s largest mall operators, Simon Property Group, Macerich, and Westfield, to provide the convenience of same-day service to shoppers in malls across the U.S. starting this holiday season. This follows a similar same-day delivery partnership announcement from General Growth Properties (GGP).

December 12, 2013

Deliv, the same-day delivery company, announced alliances with three of America’s largest mall operators, Simon Property Group, Macerich, and Westfield, to provide the convenience of same-day service to shoppers in malls across the U.S. starting this holiday season.

Palo Alto, Calif. -- Deliv, the same-day delivery company, announced alliances with three of America’s largest mall operators, Simon Property Group, Macerich, and Westfield, to provide the convenience of same-day service to shoppers in malls across the U.S. starting this holiday season. This follows a similar same-day delivery partnership announcement from General Growth Properties (GGP).

October 8, 2013

Northwestern Mutual, Prudential Mortgage Capital Company and TIAA-CREF have announced that each has provided $283.3 million for a total of $850 million to refinance Tysons Corner Center, the 1.9-million sq.-ft. super regional mall in Tysons Corner, Va., owned by the Macerich Company.

Milwaukee — Northwestern Mutual, Prudential Mortgage Capital Company and TIAA-CREF have announced that each has provided $283.3 million for a total of $850 million to refinance Tysons Corner Center, the 1.9-million sq.-ft. super regional mall in Tysons Corner, Va., owned by the Macerich Company.

September 12, 2013

Von Maur Department Stores will open its first location in the Northeast, at Eastview Mall in Victor, N.Y., which is located just outside of Rochester.

Davenport, Iowa -- Von Maur Department Stores will open its first location in the Northeast, at Eastview Mall in Victor, N.Y., which is located just outside of Rochester. The two-level, 140,000-sq.-ft. store is scheduled to open on Oct. 26.

Located at the mall's former Bon Ton location, the store underwent a complete reconstruction by local contractor LaChase Construction to achieve Von Maur's signature exterior brick façade with arching entryways accented by a copper roof and cupolas.

August 27, 2013

The Des Moines Area Community College opened its school year with a new campus: a 65,000-sq.-ft. former J.C. Penney store located on the main level of Southridge Mall.

Des Moines, Iowa — The Des Moines Area Community College opened its school year with a new campus: a 65,000-sq.-ft. former J.C. Penney store located on the main level of Southridge Mall.

The mall’s owner, Macerich sold the space to DMACC for $1. The school, which has three other campuses in the Des Moines metro area, has invested $13 million in design, construction, equipment, labs and classrooms. Major donations will be announced this fall.

August 27, 2013

The Des Moines Area Community College opened its school year with a new campus: a 65,000-sq.-ft. former J.C. Penney store located on the main level of Southridge Mall.

Des Moines, Iowa — The Des Moines Area Community College opened its school year with a new campus: a 65,000-sq.-ft. former J.C. Penney store located on the main level of Southridge Mall.

The mall’s owner, Macerich sold the space to DMACC for $1. The school, which has three other campuses in the Des Moines metro area, has invested $13 million in design, construction, equipment, labs and classrooms. Major donations will be announced this fall.

June 27, 2013

Expansion was the talk of the aisles in the Las Vegas convention center, as the International Council of Shopping Centers hosted its annual RECon global real estate convention May 19-22.

"We never really had a downturn," said Stephen Gallant, VP facilities development with Jos. A. Bank Clothiers, in the Women's Special Interest Group presentation "Retail: The Next Wave."

"We opened an average of 50 stores a year during the recession, and are continuing to gather strength in the more recent months and years," he noted.

May 7, 2013

Liberty Center is a 64-acre, 1.1 million-sq.-ft. mixed-use development located in the North Cincinnati market. It will be comprised of 600,000 sq. ft. of retail, including at least one 200,000-sq.-ft. department store and 370,000 sq. ft. of specialty retail and restaurants. Liberty Center will also include 100,000 sq. ft. of Class A Office, a 135-key hotel and 220 luxury residential multi-family units. A 60,000-sq.-ft., 14-screen second-level upscale theater with integrated dining is also planned.

May 7, 2013

Editor's Note: Chain Store Age's 24th annual survey of Fastest-Growing Acquirers measured retail square footage purchased during the 2012 calendar year.

This year's Fastest-Growing Acquirers range from list regulars to newcomers, a clear sign that retail is returning as a favored sector for growth.

A recovering economy continues to make retail an appealing category for operators and investors alike and, as might be expected, this year's fraternity contains some of the industry's major consolidators. Yet it also holds investment funds branching into new sectors.

May 7, 2013

Von Maur got its start like many of its department store peers: An immigrant with an American dream opened a downtown store, customers came, they shopped, the brand took hold and took off.

In the case of the midwestern upscale department store banner Von Maur, the dreamer was German immigrant J.H.C. Petersen, who opened a downtown storefront in Davenport, Iowa, in 1872. He and his sons grew the business and sold it nearly a half-century later to a partnership that included two Austrian brothers — C.J. and Cable von Maur, whose family gained full ownership by 1937.

January 2, 2013

Nordstrom announced plans to open a Nordstrom Rack in South Portland, Maine.

Seattle -- Nordstrom announced plans to open a Nordstrom Rack in South Portland, Maine.

The approximately 30,000-sq.-ft. store is scheduled to open this spring at Maine Crossing Shopping Center and will be the retailer's first location in the state. It will occupy the former Old Navy space. 

December 18, 2012

Englewood Construction said that its restaurant group has secured a project for Macerich and Darden Restaurants Inc. that will deliver a new Seasons 52 to The Shops at North Bridge, located on Chicago’s Michigan Ave and owned by Macerich.

Chicago -- Englewood Construction said Tuesday that its restaurant group has secured a project for Macerich and Darden Restaurants Inc. that will deliver a new Seasons 52 to The Shops at North Bridge, located on Chicago’s Michigan Ave and owned by Macerich.

Englewood will perform landlord infrastructure work for Macerich at a 9,249-sq.-ft. space and then commence a build-out for Seasons 52 at the same location.

Seasons 52 is owned and operated by Orlando, Fla.-based Darden Restaurants Inc.

October 23, 2012

The Macerich Co. announced plans to acquire Kings Plaza, located in Brooklyn, N.Y., and Green Acres Mall, located in Valley Stream, N.Y., on the border of New York City and Nassau County.

Santa Monica, Calif. -- The Macerich Co. announced on Monday plans to acquire Kings Plaza, located in Brooklyn, N.Y., and Green Acres Mall, located in Valley Stream, N.Y., on the border of New York City and Nassau County. 

Kings Plaza is being acquired from a subsidiary of Alexander's for $751 million, with a closing date set for late 2012. Green Acres is being acquired from a subsidiary of Vornado Realty Trust for $500 million, with a first quarter 2013 closing date.

October 8, 2012

Barneys New York will close its 88,000-sq.-ft. store in NorthPark Center, Dallas. It will remain open until April 2013.

New York -- Barneys New York will close its 88,000-sq.-ft. store in NorthPark Center, Dallas. It will remain open until April 2013.

"After careful consideration, Barneys New York has exercised its contractual right to terminate the lease for its Dallas location prior to its expiration," said a spokeswoman.
 

April 19, 2012

Cole Real Estate Investments and RED Development have announced the acquisition of Macerich’s interests in two retail power centers located in Chandler, Ariz.

Phoenix -- Cole Real Estate Investments and RED Development have announced the acquisition of Macerich’s interests in two retail power centers located in Chandler, Ariz.

In a related transaction, Cole acquired 100% ownership of a third power center located in Gilbert, Ariz. The transaction value for all three properties is $100.55 million.

April 19, 2012

Cole Real Estate Investments and RED Development have announced the acquisition of Macerich’s interests in two retail power centers located in Chandler, Ariz.

Phoenix -- Cole Real Estate Investments and RED Development have announced the acquisition of Macerich’s interests in two retail power centers located in Chandler, Ariz.

In a related transaction, Cole acquired 100% ownership of a third power center located in Gilbert, Ariz. The transaction value for all three properties is $100.55 million.

January 9, 2012

Nordstrom plans to open a Nordstrom Rack in Tysons Corner, Va.

Seattle -- Nordstrom plans to open a Nordstrom Rack in Tysons Corner, Va. The approximately 42,000-sq.-ft., two-level store is scheduled to open during fall 2012.

Nordstrom Rack will open in the former Filene's Basement space and join tenants Morton's Steakhouse, Bertucci's restaurant and Bank of America in a 215,000-sq.-ft.  mixed-use project. The project is owned by Rocks Tysons Two LLC and managed by Allen & Rocks, Inc. with KLNB Retail handling leasing.
 

December 19, 2011

Archiecture and design firm Streetsense said Monday it has created an all-new interior design scheme for La Madeleine French Country Cafe, a national chain of French-themed fast-casual restaurants.

Bethesda, Md. -- Archiecture and design firm Streetsense said Monday it has created an all-new interior design scheme for La Madeleine French Country Cafe, a national chain of French-themed fast-casual restaurants.

A 1,194-sq.-ft. restaurant using the new prototype design is now open at Northpark Center in Dallas, while another is under construction in Tulsa, Okla. La Madeleine also has engaged Streetsense to design two new stores planned for the Washington, D.C. metropolitan region, one in Tysons Corner, Va., and one in Silver Spring, Md.

November 11, 2011

Jacksonville, Fla.-based Regency Centers announced the construction of Northgate Marketplace, an 80,900-sq.-ft. neighborhood center anchored by new-to-the-market anchors REI and Trader Joe’s.

Medford, Ore. -- Jacksonville, Fla.-based Regency Centers announced the construction of Northgate Marketplace, an 80,900-sq.-ft. neighborhood center anchored by new-to-the-market anchors REI and Trader Joe’s. 

The grocery-anchored center is located in the regional retail hub of Medford, Ore. In partnership with Northgate, Regency Centers is developing the first phase of its first shopping center in Medford which will create more than 250 permanent jobs.

August 24, 2011

Centro Properties Group US announced that Dick’s Sporting Goods will open a new 44,166-sq.-ft. store at Esplanade Shopping Center, located in Oxnard, Calif.

Oxnard, Calif. -- Centro Properties Group US announced that Dick’s Sporting Goods will open a new 44,166-sq.-ft. store at Esplanade Shopping Center, located in Oxnard, Calif.

Esplanade Shopping Center is owned by Centro Properties, based in New York City.

 

August 11, 2011

Houston-based brokerage firm Baker Katz, an X Team International partner, said Thursday it has leased the former Hollywood Video at 2158 Northpark Drive in Kingwood, Texas, to First Choice Emergency Room.

Kingwood, Texas -- Houston-based brokerage firm Baker Katz, an X Team International partner, said Thursday it has leased the former Hollywood Video at 2158 Northpark Drive in Kingwood, Texas, to First Choice Emergency Room.

First Choice Emergency Room plans to adapt the 6,000-sq.-ft. former Hollywood Video by adding a covered ambulance entrance, installing a back-up generator and reconfiguring the interior to accommodate for examination rooms, a waiting area, labs and other medical necessities.
 

July 20, 2011

Jacksonville, Fla.-based Regency Centers said it has leased 8,600 sq. ft. of retail space in Houston to four new tenants.

Houston -- Jacksonville, Fla.-based Regency Centers said it has leased 8,600 sq. ft. of retail space in Houston to four new tenants.

In The Woodlands, Zoës Kitchen leased 3,018 sq. ft. at Sterling Ridge Village Center, bringing the center to 100% occupancy.  The restaurant is slated to open in December. Optometry office Woodland’s Eye Center leased 2,019 sq. ft. for an October opening at Indian Springs Center, bringing the center to full occupancy.

June 2, 2011

Addison, Texas-based Coyote Management L.P. and Garrison Investment Group, through their affiliates, have acquired Chapel Hills Mall, located in Colorado Springs, Colo.

Colorado Springs, Colo. -- Addison, Texas-based Coyote Management L.P. and Garrison Investment Group, through their affiliates, have acquired Chapel Hills Mall, located in Colorado Springs, Colo.

Chapel Hills Mall is a 1.2 million-sq.-ft. enclosed super-regional mall anchored by Dillard’s, J.C. Penney, Macy’s, Sears, Dicks Sporting Goods and Burlington Coat Factory, and features a 15-screen Carmike Cinema and over 100 specialty stores.

May 17, 2011

Jacksonville, Fla.-based Regency Centers said it has leased space to two new restaurants in Houston at Fort Bend Center.

Houston -- Jacksonville, Fla.-based Regency Centers said it has leased space to two new restaurants in Houston at Fort Bend Center.

Baskin Robbins has leased 1,280 sq. ft., and The Fish Place has leased 1,380 sq. ft. of space. Both restaurants are slated to open in July.

The 97,000-sq.-ft. shopping center is anchored by Kroger alongside national retailers such as LA Fitness, Starbucks, Wendy’s, and Cato.