Kings Plaza

Macerich’s Kings Plaza in Brooklyn Continues Transformation Through Leasing Successes, Targeted Renovations

Retrieved on: 
Thursday, September 28, 2023

SANTA MONICA, Calif., Sept. 28, 2023 (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, today highlighted the success of the fully remerchandised former Sears space at Kings Plaza, the only enclosed mall in Brooklyn.

Key Points: 
  • “The tremendous success of the new Target at Kings Plaza, combined with strong performance for Primark, Zara and Burlington, each of which have been open since 2018 in the former Sears location, demonstrates the power and promise of Kings Plaza, Macerich’s well-located, fully enclosed retail center in Brooklyn,” said Eric Bunyan, Senior Vice President of Leasing, East Region, for Macerich.
  • “These national brands selecting Kings Plaza endorses how valuable it is to be at our outstanding property in Brooklyn, where traffic and sales continue to increase thanks to the variety of great new brands we are attracting in many categories.
  • Macerich also owns Green Acres, Queens Center, Atlas Park and Danbury Fair Mall.
  • In addition to the complete transformation of the front of Kings Plaza along Flatbush Avenue in 2018 with the redevelopment of the former Sears store, other recent renovations designed to enhance the customer experience at Kings Plaza included brightening and lightening the attached parking deck and adding new lighting, furnishings and flooring in the center’s second level.

Macerich Welcomes Primark to Green Acres Mall

Retrieved on: 
Thursday, June 29, 2023

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

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 Achieves BREEAM Certification of 11 Retail Assets Spanning Nearly 14 Million Square Feet

Retrieved on: 
Wednesday, May 10, 2023

Macerich, a leading owner, operator and developer of top retail and mixed-use destinations across major U.S. markets, today announced the successful certification of 11 retail assets under BREEAM’s In-Use certification standard.

Key Points: 
  • Macerich, a leading owner, operator and developer of top retail and mixed-use destinations across major U.S. markets, today announced the successful certification of 11 retail assets under BREEAM’s In-Use certification standard.
  • Macerich sought BREEAM certification of these assets in part to ensure that a thoughtful multi-level assessment was completed upon certification.
  • From a governance perspective, Macerich and BREEAM share a commitment to transparency that was reflected throughout this certification process.
  • Certification of all 11 Macerich assets was supported by the third-party assessor team at UL Solutions.

Macerich Welcomes Primark to Popular Queens Center

Retrieved on: 
Tuesday, February 28, 2023

SANTA MONICA, Calif., Feb. 28, 2023 /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 confirmed that Primark is coming to Queens Center in New York City.

Key Points: 
  • Addition of fashion-forward retailer deepens Macerich, Primark relationship
    SANTA MONICA, Calif., Feb. 28, 2023 /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 confirmed that Primark is coming to Queens Center in New York City.
  • In its seventh store at a Macerich property, Primark will occupy 54,562 square feet of multi-level space.
  • Set in the bustling and densely populated New York City borough, Queens Center is a major regional retail destination and among the best-performing in the Macerich portfolio of high-quality properties.
  • Many national brands list their Queens Center location as among their top-performing, with overall sales at the center topping $1,700 per square foot.

FIT:MATCH to Launch Patented Shape-Based Fit Solution in Select Macy’s Stores

Retrieved on: 
Thursday, December 1, 2022

FIT:MATCH, the digital twin platform, announced today the launch of its award-winning bra fitting experience in select Macys stores this holiday season.

Key Points: 
  • FIT:MATCH, the digital twin platform, announced today the launch of its award-winning bra fitting experience in select Macys stores this holiday season.
  • We are proud to launch our solution with Macys, the iconic omnichannel retailer, just in time for the holiday selling season.
  • FIT:MATCH is the only in-market fit technology solution that is based on real body shapes instead of measurements.
  • Each year, Macys provides millions with unforgettable experiences through Macys 4th of July Fireworks and Macys Thanksgiving Day Parade and helps our customers celebrate special moments, big and small.

Macerich Welcomes Leading Retailer to Danbury Fair in Upscale Connecticut Suburb Outside NYC

Retrieved on: 
Tuesday, June 21, 2022

SANTA MONICA, Calif., June 21, 2022 /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, has announced it will welcome a new Target store to Danbury Fair, just 55 miles from New York City in upscale suburban Connecticut.

Key Points: 
  • The 126,000 square-foot2-level Target store will openin the former Sears site and will be the first in the City of Danbury.
  • Target recently opened a new, three-level store in the former JCPenney location at Macerich's high-performing Kings Plaza in Brooklyn.
  • Regarding the latest news about Danbury Fair, Macerich President Ed Coppola said, "Target coming to Danbury Fair is the latest anchor-replacement success for Macerich's A-quality portfolio of regional town centers.
  • The terrific merchandise mix and attractive demographics surrounding Danbury Fair make this property a great match for all that Target has to offer."

EVgo Continues Network Expansion and Push for “Electric for All” in EV Charging with New Fast Charging Station in Seattle

Retrieved on: 
Thursday, February 24, 2022

Since the beginning of 2021, EVgo has added more than 25 stalls across the state of Washington as part of its broader network expansion.

Key Points: 
  • Since the beginning of 2021, EVgo has added more than 25 stalls across the state of Washington as part of its broader network expansion.
  • Getting more drivers into EVs requires more public fast charging infrastructure across the community landscape said Cathy Zoi, CEO of EVgo.
  • For more information around the locations of EV chargers within the EVgo charging network, visit www.evgo.com .
  • EVgo (Nasdaq: EVGO) is the nations largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy.

Macerich To Welcome Target As A New Tenant To Kings Plaza In Brooklyn

Retrieved on: 
Tuesday, November 2, 2021

The three-level, 90,000square-footTarget will openin the former JCPenney location at Kings Plaza, the largest enclosed retail shopping center in Brooklyn.

Key Points: 
  • The three-level, 90,000square-footTarget will openin 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 KingsPlaza, which is a dominant retail destination in this dynamic part of New York City," saidEd Coppola, President, Macerich.
  • We believe the attractive demographics surrounding Kings Plaza make this property amatchfor all that Target has to offer."
  • Thenew Target at Kings Plaza adds to the slate of anchor replacements announced recently for Macerich's major East Coast properties.

KBRA Assigns Preliminary Ratings to BBCMS 2021-C11

Retrieved on: 
Thursday, September 9, 2021

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 19 classes of BBCMS 2021-C11, a $988.0 million CMBS conduit transaction collateralized by 94 commercial mortgage loans secured by 173 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 19 classes of BBCMS 2021-C11, a $988.0 million CMBS conduit transaction collateralized by 94 commercial mortgage loans secured by 173 properties.
  • The pool has exposure to all major property types, with two types representing more than 15.0% of the pool balance: office (29.3%) and multifamily (24.0%).
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 40.6% less than third party appraisal values.
  • To access ratings and relevant documents, click here .