SANTA MONICA, Calif.,
Oct. 12, 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 QuikSpace, its new
digital platform designed to make short-term leasing of retail
space as easy and user-friendly as booking a vacation home, hotel
room or apartment.
The new platform and its sophisticated tenant portal will offer
one-click lease execution for short-term retail space of up to 12
months, plus intuitive tools for managing accounts, making
payments, renewing leases and more.
Currently live at six Macerich properties, QuikSpace today
offers short-term tenants the ease and convenience of starting
their research online, with virtual tours of available inline and
common area space, complete with visual tools for merchandising
their space. Macerich plans to roll out QuikSpace portfolio-wide
early next year.
"By digitizing the process, Macerich is simplifying every aspect
of short-term leasing with the goal of providing tenants with a
frictionless experience," said Ken
Volk, Executive Vice President, Business Development,
Macerich. "QuikSpace delivers an easy and fast online process that
is a match for how people engage with all kinds of real estate now.
Moving into e-commerce for leasing short-term space is an important
step toward greater customer access and convenience, as well as
added performance for our company."
To realize this new capability, Macerich has partnered with real
estate industry software developer Yardi, utilizing its property
data and listings platform CommercialEdge to power QuikSpace.
Macerich successfully implemented Yardi's core ERP system in 2019,
including Voyager, Retail Manager, Forecast Manager and
Construction Manager.
"Yardi is pleased to continue our partnership with Macerich to
help design a unique system that integrates the entire leasing
workflow, from the front-end website to the back-end accounting
system. Completing deals faster and with less friction benefits
landlords and short-term tenants with an easier leasing process and
convenient management tools," said Kevin
Yardi, Vice President for Global Solutions at Yardi. "More
than just lead generation, Macerich is changing the game for
short-term leasing at its high-quality portfolio, and we expect
other shopping center companies to follow their lead."
QuikSpace is currently driving short-term leasing of kiosks,
carts, pop-ups, temporary in-line stores and specialty retail uses,
such as storage, at six Macerich centers: Chandler Fashion Center
(AZ), Inland Center (CA), Scottsdale Fashion Square (AZ),
Superstition Springs Center (AZ), The Oaks (CA) and Tysons Corner
Center (VA. Rollout for the rest of the Macerich portfolio is
expected to start in first quarter, 2022. To experience the site,
visit www.QuikSpace.com.
About Macerich
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 town centers
throughout the United States.
Macerich currently owns 49 million square feet of real
estate consisting primarily of interests in 45 regional town
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, Arizona and the Metro New York to Washington,
D.C. 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