SANTA MONICA, Calif.,
Nov. 14, 2018 /PRNewswire/ -- For a
remarkable fifth straight year, Macerich (NYSE: MAC), one of the
nation's leading owners, operators and developers of one-of-a-kind
retail properties in top markets, today announced that the National
Association of Real Estate Investment Trusts (Nareit) has named the
company 2018 Retail "Leader in the Light."
Adding to this exceptional honor, Macerich this fall also
achieved two other important measures of sustainability leadership,
both for the fourth year in a row: GRESB's #1 ranking in the North
American Retail Sector for 2018, and a place on the Environmental
Protection Agency's Green Power Partnership list of Top 30 On-Site
Generation companies. As well, Macerich's major redevelopment of
Broadway Plaza in Walnut Creek,
CA, this fall earned prestigious LEED Gold® certification
awarded by the U.S. Green Building Council.
"I am very proud of Macerich's well-recognized and growing
leadership in sustainability," said Art
Coppola, Chief Executive Officer, Macerich. "In addition to
our portfolio of high-performing trophy properties in many of the
country's most attractive markets, we have staked out a leadership
position as responsible stewards of the environment – an
accomplishment earned over the past 10 years and one I see as a key
and continuing aspect of my legacy at Macerich."
New for 2019 is an expanded, portfolio-wide commitment to
on-property recycling of aluminum, plastic and glass that will
further support Macerich's long-term goal of achieving carbon
neutrality by 2030.
"I like to say that sustainability is a natural for Macerich.
Not only is it good for the planet and for our bottom line, it's
also the right fit for shoppers in our markets," added Coppola.
"Macerich properties are located in some of the most
environmentally aware consumer markets in the world – from
Santa Monica and Portland to Boulder, Northern Virginia and New York City. Our sustainable retail
environments provide a powerful differentiator for Macerich that
matters for our customers, retailers and investors."
For more information on Macerich's comprehensive sustainability
efforts and impacts, please view the 2018 Macerich Sustainability
Report at www.macerich.com.
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, DC corridor. Additional
information about Macerich can be obtained from the Company's
website at www.macerich.com.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/5-in-a-row-macerich-earns-nareits-prestigious-retail-leader-in-the-light-award-for-fifth-straight-year-300749926.html
SOURCE Macerich Company