Tysons Corner Center

Macerich Marks 30 Years as Public Company, Rings Closing Bell at New York Stock Exchange

Retrieved on: 
Tuesday, March 12, 2024
Rolex, Scottsdale Fashion Square, Season, Social media, MAC, Disclosure, The Capital Grille, Bocce, JD Sports, Nespresso, Restaurant, Abercrombie Kids, The Cheesecake Factory, FFO, Sephora, Shake Shack, Intimissimi, Caesar, NOI, Eddie V's Prime Seafood, Neiman Marcus, Dillard's, Tysons Corner Center, Nike, Pandora, Regulation, Food, 85°C Bakery Cafe, Metro New York, Macy's, Originality, Regulation Fair Disclosure, Pacific Ocean, GAAP, Tysons Corner Communications Tower, Apple, Prada, AMC Theatres, REIT, Ivivva athletica, Heart, ARTE, Collection, Candy, Pacific Northwest, Bowling, Earls (restaurant chain)

Jack Hsieh, who took the reins as Macerich President and CEO on March 1, 2024, was joined by a number of Macerich senior executives to ring the bell and celebrate this significant company milestone.

Key Points: 
  • Jack Hsieh, who took the reins as Macerich President and CEO on March 1, 2024, was joined by a number of Macerich senior executives to ring the bell and celebrate this significant company milestone.
  • “Thirty years ago, when Macerich launched as a public company, the mall business was very different.
  • Today, as Macerich celebrates its 30th anniversary, its total market cap exceeds $10.5 billion.
  • Additional information about Macerich can be found through social media platforms such as LinkedIn.

Macerich to Welcome Level99 to Tysons Corner Center

Retrieved on: 
Tuesday, January 30, 2024
Senior, Tysons Corner Center, Harvard Business School, MAC, Friends, Drink, Harvard University, Communication, Level 2, MIT, The Walt Disney Company, Old Navy, Tysons, Virginia, Entertainment

SANTA MONICA, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC), one of the nation’s leading owners, operators, and developers of high-quality retail and mixed-use properties in top markets, will welcome Level99 to Tysons Corner Center in 2025.

Key Points: 
  • Interactive Entertainment Destination for Adults Will Offer Live-Action Play, Dining, Craft Beverages in Washington, D.C. Area
    SANTA MONICA, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC ), one of the nation’s leading owners, operators, and developers of high-quality retail and mixed-use properties in top markets, will welcome Level99 to Tysons Corner Center in 2025.
  • Level99 is a first-of-its-kind destination for live-action, challenge-based entertainment, craft beverages and farm-to-table dining designed for grown-ups.
  • “Level99 created an impressive, innovative way for adults to have a memorable experience at its first space in the Boston area, and we know our active, sophisticated Tysons Corner guests will enjoy exploring all that Level99 has to offer.
  • We look forward to welcoming residents and visitors from the D.C. area to discover all that Level99 has to offer.”

KBRA Assigns Preliminary Ratings to BANK5 2024-5YR5

Retrieved on: 
Thursday, January 25, 2024
Banking, Professional Services, Finance, KBRA, CMBS, Tysons Corner Center, KLTV, Probability, Northern Virginia, Telescopic sight

KBRA is pleased to announce the assignment of preliminary ratings to 33 classes of BANK5 2024-5YR5, a $518.6 million CMBS conduit transaction collateralized by 24 commercial mortgage loans secured by 25 properties.

Key Points: 
  • KBRA is pleased to announce the assignment of preliminary ratings to 33 classes of BANK5 2024-5YR5, a $518.6 million CMBS conduit transaction collateralized by 24 commercial mortgage loans secured by 25 properties.
  • The collateral properties are located throughout 18 MSAs, of which the three largest are Los Angeles (14.3%), Washington - NoVA - MD (9.9%), and San Jose (9.6%).
  • The pool has exposure to each property type with three types representing more than 10.0% of the pool balance: retail (42.4%), office (17.6%), and mixed-use (14.2%).
  • KBRA capitalization rates were applied to each asset’s KNCF to derive values that were, on an aggregate basis, 38.7% less than third party appraisal values.

KBRA Assigns Preliminary Ratings to BMO 2024-5C3

Retrieved on: 
Monday, January 22, 2024
Professional Services, Finance, KBRA, CMBS, Tysons Corner Center, KLTV, Probability, BMO, Northern Virginia

KBRA is pleased to announce the assignment of preliminary ratings to 12 classes of BMO 2024-5C3, a $902.2 million CMBS conduit transaction collateralized by 37 commercial mortgage loans secured by 55 properties.

Key Points: 
  • KBRA is pleased to announce the assignment of preliminary ratings to 12 classes of BMO 2024-5C3, a $902.2 million CMBS conduit transaction collateralized by 37 commercial mortgage loans secured by 55 properties.
  • The collateral properties are located throughout 20 MSAs, of which the three largest are New York (20.1%), Washington – NoVA – MD (8.2%), and New Orleans, LA (7.8%).
  • The pool has exposure to most property types, with three types representing more than 10.0% of the pool balance: retail (36.5%), multifamily (21.5%), and office (19.7%).
  • KBRA capitalization rates were applied to each asset’s KNCF to derive values that were, on an aggregate basis, 37.5% less than third party appraisal values.

KBRA Assigns Preliminary Ratings to Benchmark 2024-V5

Retrieved on: 
Tuesday, January 16, 2024
Professional Services, Environmental, Social and Governance (ESG), Data Analytics, Other Professional Services, Insurance, Finance, CMBS, KBRA, Tysons Corner Center, KLTV, Probability, DoubleTree, Northern Virginia, MD

KBRA is pleased to announce the assignment of preliminary ratings to 14 classes of Benchmark 2024-V5, an $884.8 million CMBS conduit transaction collateralized by 36 commercial mortgage loans secured by 102 properties.

Key Points: 
  • KBRA is pleased to announce the assignment of preliminary ratings to 14 classes of Benchmark 2024-V5, an $884.8 million CMBS conduit transaction collateralized by 36 commercial mortgage loans secured by 102 properties.
  • The collateral properties are located throughout 28 MSAs, of which the three largest are New York (18.5%), Detroit (9.6%), and Washington – NoVA – MD (8.4%).
  • The pool has exposure to most property types, with five types representing more than 10.0% of the pool balance: multifamily (29.2%), retail (26.7%), industrial (15.8%), lodging (12.3%), and self-storage (10.7%).
  • KBRA capitalization rates were applied to each asset’s KNCF to derive values that were, on an aggregate basis, 36.5% less than third party appraisal values.

Macerich Completes $710 Million Refinancing of Tysons Corner Center

Retrieved on: 
Tuesday, December 5, 2023
Nordstrom, MAC, Foot, CMBS, Tysons Corner Center, Commercial property

SANTA MONICA, Calif., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC ), one of the nation’s leading owners, operators and developers of major retail and mixed-use properties in top markets, today announced that Macerich’s joint venture that owns Tysons Corner Center has just closed a $710 million refinance on this high-quality property in Northern Virginia.

Key Points: 
  • SANTA MONICA, Calif., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC ), one of the nation’s leading owners, operators and developers of major retail and mixed-use properties in top markets, today announced that Macerich’s joint venture that owns Tysons Corner Center has just closed a $710 million refinance on this high-quality property in Northern Virginia.
  • Tysons Corner Center is a 1.8 million square foot, super-regional retail powerhouse anchored by Nordstrom, Bloomingdale’s and Macy’s that attracts 16 million annual visits.
  • Consistently among Macerich’s Top 10 Regional Town Centers, Tysons Corner Center generates $1,200 sales per square foot and had leased occupancy of 96% as of Q3 2023.
  • “We are very pleased to complete this large refinancing, which had a very efficient execution,” said Scott Kingsmore, Macerich’s Senior Executive Vice President and Chief Financial Officer.

Macerich Reports Record Leasing Volumes

Retrieved on: 
Monday, August 21, 2023
Lululemon Athletica, Scottsdale Fashion Square, Food, Green Acres Mall, Panerai, Washington Square, Arrowhead Towne Center, Primark, Danbury Fair, Tysons Corner Center, Target, Broadway Plaza, MAC, Los Cerritos Center, Barnes & Noble, Eastland Mall, Crunch Fitness, Apple, Healey, NOI, Sport, Health, NYSE, Renting, Retail

Per Macerich CEO Tom O’Hern: “Leasing volumes continued at a record level … year-to-date leasing volumes are better than this time last year.

Key Points: 
  • Per Macerich CEO Tom O’Hern: “Leasing volumes continued at a record level … year-to-date leasing volumes are better than this time last year.
  • And keep in mind that leasing in 2022 was as good as it’s been in the last decade.”
    Specifically, in the second quarter, Macerich signed 191 leases for 1.4 million square feet.
  • “Macerich’s top-quality Regional Town Centers continue to mean more things to more people, thanks to the wide variety of categories and uses we successfully attract,” said Doug Healey, senior executive vice president, Leasing, Macerich.
  • “The leasing pipeline of new store openings now accounts for almost $66 million of incremental rent in the aggregate, which will be realized in 2023, 2024 and 2025,” added Healey.

PRIMARK CONTINUES US EXPANSION, ENTERING MARYLAND ON SEPTEMBER 7

Retrieved on: 
Tuesday, August 1, 2023
Tysons Corner Center, Parent, Hope, Arundel Mills, Beauty, Acqui-hiring, NBA, Love, Netflix, Tyson, Retail, Online shopping, Primark, DMV

HANOVER, Md., Aug. 1, 2023 /PRNewswire/ -- Primark, the international clothing retailer that offers quality fashion at value prices, announced today it will open its new store at Arundel Mills in Hanover, Maryland – the first Primark store in the state – on September 7. The store will offer shoppers 36,000 square feet of retail selling space with the latest fashion trends and essentials for the whole family as well as homewares and beauty – all at affordable prices American customers have come to know and love.

Key Points: 
  • This opening will bring Primark to 430 stores globally, with 21 in the US, bringing "Primania" to more Mid-Atlantic shoppers than ever before.
  • In preparation, Primark's Talent Acquisition team is searching for retail colleagues to fill full and part-time roles.
  • All available roles can be viewed and applied for on the Primark Careers Site .
  • With denim starting at $10 and tee shirts at $4.50, there is something for everyone at Primark and US shoppers have noticed.

Macerich Welcomes Primark to Green Acres Mall

Retrieved on: 
Thursday, June 29, 2023
Olive, Green Acres, Buffalo Wild Wings, Aldi, Green Acres Mall, Olive Garden, Tysons Corner Center, JCPenney, Target, Red Lobster, HomeGoods, Kings Plaza, MAC, Walmart, Restaurant, Freehold Raceway Mall, Navy, Brewhouse, Queens Center Mall, NYSE, H&M, Ulta Beauty, Retail, Amusement park, McClean, Primark

SANTA MONICA, Calif., June 29, 2023 (GLOBE NEWSWIRE) -- 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 that Primark has opened a new Long Island store at Green Acres Mall.

Key Points: 
  • SANTA MONICA, Calif., June 29, 2023 (GLOBE NEWSWIRE) -- 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 that Primark has opened a new Long Island store at Green Acres Mall.
  • At Green Acres, Primark is located in Center Court, adjacent to another prominent international retailer scheduled to open in Fall 2023.
  • Green Acres Mall marks Primark’s seventh store at a Macerich property and seventh in New York State.
  • Set just east of New York City on the border of Queens and Nassau counties in the diverse, idyllic Long Island villages, Green Acres Mall is a popular retail destination for residents and visitors alike.

Macerich Welcomes Primark to Green Acres Mall

Retrieved on: 
Thursday, June 29, 2023
Olive, Green Acres, Buffalo Wild Wings, Aldi, Green Acres Mall, Olive Garden, Tysons Corner Center, JCPenney, Target, Red Lobster, HomeGoods, Kings Plaza, MAC, Walmart, Restaurant, Freehold Raceway Mall, Navy, Brewhouse, Queens Center Mall, NYSE, H&M, Ulta Beauty, Retail, Amusement park, McClean, Primark

SANTA MONICA, Calif., June 29, 2023 (GLOBE NEWSWIRE) -- 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 that Primark has opened a new Long Island store at Green Acres Mall.

Key Points: 
  • SANTA MONICA, Calif., June 29, 2023 (GLOBE NEWSWIRE) -- 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 that Primark has opened a new Long Island store at Green Acres Mall.
  • At Green Acres, Primark is located in Center Court, adjacent to another prominent international retailer scheduled to open in Fall 2023.
  • Green Acres Mall marks Primark’s seventh store at a Macerich property and seventh in New York State.
  • Set just east of New York City on the border of Queens and Nassau counties in the diverse, idyllic Long Island villages, Green Acres Mall is a popular retail destination for residents and visitors alike.