Macerich (NYSE: MAC), one of the nation’s leading owners, operators
and developers of high-quality retail and mixed-use properties in
top markets, today announced the successful opening of Arizona’s
first SCHEELS at Chandler Fashion Center in suburban Phoenix on
Saturday, Sept. 30.
In addition to 75 specialty shops set inside the popular
sporting goods retailer, Chandler SCHEELS features a wide variety
of fun, family-friendly entertainment including a Ferris wheel,
16,000-gallon saltwater aquarium, a wildlife mountain, Fuzziwig’s
Candy Shop, Ginna’s Café, as well as arcade games and sports
simulators.
“SCHEELS is a fantastic fit for shoppers across the entire state
of Arizona who are visiting this first-to-market location not only
for the incredible selection of sporting goods, but also for
exceptional family experiences — including the famous in-store
Ferris wheel,” said Bob Beffa, Senior Vice President, Real Estate,
Macerich. “SCHEELS, which takes the place of a former department
store anchor, is part of Macerich’s regional town center strategy
to give our shoppers more than just traditional retail. It’s about
giving more people more reasons to spend time at our top
properties.”
Per SCHEELS, the new location at Chandler Fashion Center is the
company’s 32nd store and will employ over 400 people.
“SCHEELS drew tens of thousands of first-day shoppers with its
high-profile opening, and traffic at Chandler Fashion Center was up
more than 108% for the day. Ultimately, SCHEELS is expected to
generate four times what the previous tenant generated and add
significant traffic to an already strong center,” said Ed Coppola,
President, Macerich. “This successful redevelopment is another
terrific example of Macerich responding to and delivering what our
customer wants.”
Located in the prominent Phoenix suburb of Chandler, Arizona,
Chandler Fashion Center features an outstanding collection of more
than 180 retailers, including Apple, lululemon, Dillard’s, Macy’s,
Urban Outfitters, Harkins Theatres, Crayola Experience Studio and
new retailers such as SCHEELS, Intimissimi, Miniso, Chocolate Bash
and opening soon – Warby Parker and a Cotton:On expansion. The
regional town center also offers a variety of dining experiences
including The Cheesecake Factory, Firebirds Wood Fired Grill, P.F.
Chang’s, Hop Social Grill, and Cooper’s Hawk Winery &
Restaurant.
About SCHEELS
HISTORY: Three acres of potatoes were the seed for the first
SCHEELS store in 1902. Frederick A. Scheel, a German immigrant,
used the $300 he earned from that first harvest as the down payment
on the first SCHEELS, a small hardware and general merchandise
store in Sabin, Minnesota. Over the years, SCHEELS opened in
surrounding communities including Fargo in 1930, where the
Corporate Offices are located. Firmly planted in the hardware
business, SCHEELS had a small selection of sporting goods from the
beginning in 1902. Customer interest grew, and more sports lines
were added with athletic shoes and clothing being introduced in the
product mix in 1972. SCHEELS is now a 32-store operation with
stores in 14 states including Colorado, North Dakota, Iowa,
Minnesota, South Dakota, Montana, Wisconsin, Nebraska, Nevada,
Illinois, Utah, Kansas, Texas and Arizona. Currently, Steve D.
Scheel, the great grandson of the SCHEELS founder, is the company's
Chairman of the Board, and great-great grandson Steve M. Scheel is
CEO. Todd Anderson serves as President and oversees SCHEELS daily
operations of more than 10,000 associates.
About Macerich
Macerich is a fully integrated, self-managed and
self-administered real estate investment trust (REIT). As a
leading owner, operator and developer of high-quality retail real
estate in densely populated and attractive U.S. markets, Macerich’s
portfolio is concentrated in California, the Pacific Northwest,
Phoenix/Scottsdale, and the Metro New York to Washington, D.C.
corridor. Developing and managing properties that serve as
community cornerstones, Macerich currently owns 47 million square
feet of real estate consisting primarily of interests
in 44 regional town centers. Macerich is firmly
dedicated to advancing environmental goals, social good and sound
corporate governance. A recognized leader in sustainability,
Macerich has achieved a #1 Global Real Estate
Sustainability Benchmark (GRESB) ranking for the North
American retail sector for eight consecutive years
(2015-2022). For more information, please
visit www.Macerich.com.
Macerich uses, and intends to continue to use, its Investor
Relations website, which can be found
at investing.macerich.com, as a means of disclosing material
nonpublic information and for complying with its disclosure
obligations under Regulation FD. Additional information about
Macerich can be found through social media platforms such as
LinkedIn. Reconciliations of non-GAAP financial measures, including
NOI and FFO, to the most directly comparable GAAP measures are
included in the earnings release and supplemental filed on Form 8-K
with the SEC, which are posted on the Investor Relations website
at investing.macerich.com.
MAC-LSOURCE: MacerichMEDIA CONTACT: Karen Maurer, Macerich,
602-708-6311, Website: http://www.macerich.com
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