SANTA MONICA, Calif.,
Nov. 10, 2011 /PRNewswire/ --
Macerich (NYSE: MAC) today announced the addition of an important
new anchor, Macy's department store, for The Mall of Victor
Valley, the only regional mall between San Bernardino and Las Vegas.
The new Macy's, set to open in mid-2013, will be a 103,000
square foot, single story, full-line department store, featuring
the store's popular celebrity lines and much more. The new store
will take the place of the 72,000-square-foot former Gottschalks
department store, which will be expanded and renovated to become
the new Macy's.
Macy's joins several existing anchors at the 544,000+ square
foot shopping center, including Forever 21, JCPenney and Sears.
In addition to strong anchors, the property's appealing
in-line retailer mix includes stores such as Bath and Body Works,
Vans, The Children's Place, Victoria's Secret, and notable tenants such as
Barnes and Noble and Cinemark Theatre, among many other top
names.
"Introducing a new Macy's at The Mall of Victor Valley positions this high-quality
property as an even more desirable destination for retailers," said
Bob Beffa, Senior Vice President,
Real Estate, Macerich. "This exciting announcement, which
will deliver more fashion and teen offerings to the region,
highlights that this is a strong center and a strong market. In
fact, The Mall of Victor Valley is
the pre-eminent shopping destination for Victorville, the sixth fastest-growing city in
the U.S. in 2010, at the center of Southern California's appealing High Desert
region."
The iconic Macy's department store remains one of America's top
retailers, with a focus on innovation in localizing its merchandise
and connecting with customers. "We are looking forward to serving
High Desert customers with the localized assortments, distinctive
fashion, obvious value and exciting shopping experience for which
Macy's is known," said Ron Klein,
Chief Stores Officer, Macy's. "We are making plans for getting to
know this community and the customers served by this
well-positioned shopping center."
The Mall of Victor Valley
serves southern San Bernardino
County and surrounding communities in the High Desert about
80 miles northeast of Los Angeles.
The store will be the eleventh Macy's in the
Riverside-San Bernardino market and will employ an
estimated 140 people.
"Macy's decision to come to The Mall of Victor Valley underscores the attractive,
long-term demographics of the High Desert region and clearly
communicates Macy's belief in our market," said Ryan McEachron, Mayor for the City of Victorville. "Macerich has made sure
that The Mall of Victor Valley
stays fresh, interesting and in-step with our community. The new
Macy's will not only provide an added sales tax boost for
Victorville, but it also will
serve as a magnet for other great retailers to come to this
outstanding property."
Macerich is a fully integrated self-managed and
self-administered real estate investment trust, which focuses on
the acquisition, leasing, management, development and redevelopment
of regional malls throughout the United
States. Macerich now owns approximately 72 million square
feet of gross leaseable area consisting primarily of interests in
71 regional centers. Additional information about Macerich
can be obtained from the Company's Web site at
www.macerich.com.
SOURCE Macerich