SANTA MONICA, Calif. and
NEW YORK, Aug. 8, 2018 /PRNewswire/ -- Macerich (NYSE:
MAC), one of the nation's leading owners, operators, and developers
of major retail properties in top markets, today announced a
national partnership with premium workplace operator Industrious.
This is the first time a major mall owner has partnered with a
coworking company targeting a multi-property
rollout.
Industrious is a leader in the burgeoning coworking space thanks
to elegant, productivity-driven design paired with best-in-class
hospitality. With nearly 50 locations in 33 cities, the company
offers flexible, perk-filled workspaces for established companies
ranging from SMBs to Fortune 500 brands, with household-name
clients including Lyft, Hyatt, Pandora, Pinterest, Pfizer, Freddie
Mac and more.
"Macerich is on the cutting edge when it comes to adding
exciting, traffic-driving new uses to our market-dominant retail
properties across the country," said Art
Coppola, CEO of Macerich. "With time-limited marquee
attractions like Candytopia, luxury fitness/wellness concepts,
destination restaurants and appealing first-to-market digitally
native brands, our well-situated centers are high street, town
square locations where shoppers, retailers and brands absolutely
want to be. Our settings deliver top-tier, built-in amenities for
today's professionals, which is why a partnership with
experience-focused Industrious makes so much sense."
Under the terms of the partnership, Industrious will operate
coworking locations at select Macerich properties, complementing
top-drawing retailers including Apple, lululemon, Sephora, Tesla,
Nordstrom and more great retail names with hospitality-driven
workplace experiences.
The first Industrious location in the Macerich partnership is
set to open in January 2019 at
Scottsdale Fashion Square, a premier shopping and dining
destination offering nearly 2 million square feet of the region's
best brands and experiences. Now creating an enhanced luxury
presentation due to open this fall, this top property is
Arizona's undisputed luxury leader
with brands such as Gucci, Cartier, Bottega Veneta, Bulgari, Prada,
Salvatore Ferragamo, Burberry and
more – including the recently announced first-to-market Saint
Laurent store.
Macerich selected Industrious after a rigorous vetting process.
The decision ultimately was based on two factors: a shared
commitment to high-end experiences and Industrious' proven track
record of strong financial performance across its nationwide
network of locations.
"Our relationship represents a bold step that combines our
vision for the future of the workplace with Macerich's vision for
the future of the retail experience, and allows us to jointly
deliver superior programming, services and amenities beginning at
Scottsdale Fashion Square," said Jamie
Hodari, CEO of Industrious. "We look forward to Scottsdale
Fashion Square being the first of many successful collaborations
between our two companies."
About Macerich
Macerich, an S&P 500 company, 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 currently owns 52 million square feet of real estate
consisting primarily of interests in 48 regional shopping centers.
Macerich specializes in successful retail properties in many of the
country's most attractive, densely populated markets with
significant presence in the Pacific
Rim, Arizona, Chicago and the Metro New York to Washington, D.C. corridor.
A recognized leader in sustainability, Macerich has earned
NAREIT's prestigious "Leader in the Light" award every year from
2014-2017. For the third straight year in 2017 Macerich achieved
the #1 GRESB ranking in the North American Retail Sector, among
many other environmental accomplishments. Additional information
about Macerich can be obtained from the Company's website at
www.macerich.com
About Industrious
Industrious is a leading premium
workplace platform and coworking solution, with nearly 50 locations
across 33 cities in the United
States. Founded in 2013 by Jamie
Hodari and Justin Stewart,
Industrious provides established companies and enterprises with
stunning offices, five-star service, inviting hospitality and
productivity-driven design that makes people excited and proud to
come to work. By transforming coworking and office space management
into a welcoming, elegant and premium experience, Industrious has
reshaped the concept of coworking into a scalable platform for
businesses of every size and stage. For more information, visit
www.industriousoffice.com.
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SOURCE Macerich Company