SANTA MONICA, Calif.,
May 10, 2021 /PRNewswire/ -- Macerich
(NYSE: MAC), one of the nation's leading owners, operators and
developers of one-of-a-kind retail and mixed-use properties in top
markets, today announced new deals to bring Primark stores to two
additional centers, Tysons Corner Center and Green Acres Mall.
These new leases further solidify Macerich's relationship with
Primark, as landlord to six of the brand's U.S. stores. The four
other Primark stores in Macerich's portfolio include Danbury Fair
Mall (open), Freehold Raceway Mall (open), Kings Plaza (open), and
Fashion District Philadelphia (a two-level flagship store on Market
Street now under construction and expected to open later this
year).
Leasing demand across the Macerich portfolio is on pace with
pre-COVID 2019 levels, in large part due to the strength of the
Company's high-quality town centers. In 2021, shopper traffic and
sales are continuing to steadily rise with the loosening of
restrictions within Macerich's major markets.
The two new, two-level Primark stores are set for Tysons Corner
Center, Macerich's powerhouse mixed-use property in Northern Virginia just outside Washington, D.C., and Green Acres Mall, the
Company's well-positioned property located where New York City meets upmarket Long Island suburbs, replacing the recently
closed JCPenney.
Primark is a highly regarded international retailer known for
its "Amazing Fashion at Amazing Prices," featuring clothing and
accessories for women, men and kids, as well as beauty and
homewares. Primark currently has 12 stores in the U.S.
Tom Meager, Group Property
Director for Primark, said, "We are delighted to confirm our Tysons
Corner Center and Green Acres Mall lease signings as part of our
ambitious growth strategy in the United
States. We've seen a great reaction to our latest U.S.
openings and are excited to bring Primark's unique formula of
Amazing Fashion at Amazing Prices to more customers in new
locations throughout the U.S."
"Macerich is very pleased to welcome Primark to two more of our
high-performing East Coast properties," said Doug Healey, Senior Executive Vice President,
Leasing, Macerich. "Primark has experienced first-hand how well its
brand connects with shoppers at our destination centers in
New York, New Jersey and Connecticut – and we are confident that people
in Center City, Philadelphia,
Long Island and Northern Virginia also will gravitate to
Primark's well-priced, on-trend offerings. Primark is a terrific
retailer and Macerich appreciates our close and expanding
relationship with this growing brand."
About Primark
Primark is an international retailer that offers the latest
fashion, beauty, and homeware at the best value on the high street;
put simply, Amazing Fashion at Amazing Prices. First established in
Dublin in 1969, we currently have
over 390 stores, with over 16.5 million square foot of selling
space, across 13 countries: The Republic
of Ireland, the UK, Spain,
Portugal, Germany, the
Netherlands, Belgium,
Austria, France, the US, Italy, Slovenia and Poland. We employ over 65,000 people and last
financial year (FY19/20) we opened 12 stores and created over 2,800
new jobs, receiving over 48,000 job applications.
People often ask how we can offer great products while keeping
prices so low. It's because we run Primark a bit differently to
other businesses. We do very little advertising, so no big TV ads.
Only selling our products in-store – so no online shopping or
delivery network. And always saving on the small stuff – like
simple hangers and price tags to keep costs low. That means we can
offer great prices while always taking care of the things that
really matter. We have been working hard for many years to make
sure our products are made with care and respect for workers'
rights and the environment. The work of Primark's
Environmental Sustainability team, made up of over 120 experts,
based in key sourcing countries covers a wide range of issues from
the sourcing of raw materials such as cotton, the environmental
impact of manufacturing processes in factories and checking the
standards we expect in our supply chain are being met. More
information on Primark's ethical trade and environmental
sustainability programs can be found on our website here.
About Macerich
Macerich is a fully integrated, self-managed and
self-administered real estate investment trust (REIT), which
focuses on the acquisition, leasing, management, development and
redevelopment of regional malls throughout the United
States.
Macerich currently owns 50 million square feet of real
estate consisting primarily of interests in 46 regional shopping
centers. Macerich specializes in successful retail
properties in many of the country's most attractive, densely
populated markets with significant presence on the West
Coast, and in Arizona and the Metro New York
to Washington, DC corridor. A recognized leader in
sustainability, Macerich has achieved the #1 GRESB
ranking in the North American Retail Sector for six straight years
(2015 – 2020). Additional information about Macerich can
be obtained from the Company's website
at www.Macerich.com.
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SOURCE Macerich Company