SANTA MONICA, Calif.,
Nov. 2, 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 it will welcome a new Target
store as a new tenant to Kings Plaza in Brooklyn.
The three-level, 90,000 square-foot Target will
open in the former JCPenney location at Kings Plaza, the
largest enclosed retail shopping center in Brooklyn.
"We are exceptionally pleased to welcome a new Target to
Kings Plaza, which is a dominant retail destination in this
dynamic part of New York City,"
said Ed Coppola, President, Macerich. "Target is
an incredibly productive and premier brand that is a
terrific fit for local shoppers, who have made a strong return to
in-person shopping. We believe the attractive demographics
surrounding Kings Plaza make this property a match for
all that Target has to offer."
New Tenant, Target, Adds to Anchor
Replacement Successes Across Portfolio
The new Target at Kings Plaza adds to the slate of anchor
replacements announced recently for Macerich's major East Coast
properties. This includes Primark coming to Green Acres Mall on
Long Island, Tysons Corner Center
in Northern Virginia and Fashion
District Philadelphia – all in former department store locations.
New, multi-level Shoppers World department stores are now
open at Green Acres Mall and Fashion District Philadelphia,
both replacing former Century 21 department stores.
In the West, Macerich announced in May that Arizona's first Scheel's All
Sports will take the location of the former Nordstrom
department store at Chandler Fashion Center. The Company
looks forward to sharing more exciting announcements as
Macerich continues to densify and diversify its top-quality
regional town centers.
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 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 and in Arizona,
Chicago and the Metro New York to
Washington, D.C. corridor. A
recognized leader in sustainability, Macerich has
achieved a #1 GRESB
ranking for U.S. retail for seven straight
years (2015 – 2021). Additional information about Macerich can be
obtained from the Company's website
at www.Macerich.com.
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SOURCE Macerich Company