Chandler Fashion Center

Macerich’s Chandler Fashion Center Outside Phoenix Announces Successful Opening of Arizona’s First SCHEELS

Retrieved on:

Tuesday, October 3, 2023

Harkins Theatres, Intimissimi, Senior, The Cheesecake Factory, Tenant, Urban Outfitters, MAC, Collection, Apple, Chandler Fashion Center, Ivivva athletica, Restaurant, NYSE, Real estate, Retail, Amusement park, Cotton

SANTA MONICA, Calif., Oct. 03, 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 announced the successful opening of Arizona’s first SCHEELS at Chandler Fashion Center in suburban Phoenix on Saturday, Sept. 30.

Key Points:

“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.
The regional town center also offers a variety of dining experiences including The Cheesecake Factory, Firebirds Wood Fired Grill, P.F.

$112 Million Multifamily Asset Sale and Financing Brokered by Institutional Property Advisors

Retrieved on:

Monday, September 18, 2023

Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE:MMI) , announced today the sale of Aiya, a 360-unit multifamily asset in Gilbert, Arizona.

Key Points:

Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE:MMI) , announced today the sale of Aiya, a 360-unit multifamily asset in Gilbert, Arizona.
The property sold for $112 million, or $311,111 per unit.
Gebing and Cliff David, IPA executive managing director, represented the seller, The Wolff Company, and procured the buyer, Olympus Property.
IPA Capital Markets executive director Brian Eisendrath and senior directors Cameron Chalfant and Jake Vitta arranged the acquisition financing.

Macerich Acquires Remaining 50% Interest in 5 Former Sears Boxes from Seritage

Retrieved on:

Thursday, June 15, 2023

Asset management, Washington Square, Danbury Fair, Target, MAC, Los Cerritos Center, Freehold Raceway Mall, Chandler Fashion Center, NYSE, Retail, Primark, Macerich

The five properties where these Sears boxes are located, all high-performing Regional Town Centers in the Macerich portfolio, include Danbury Fair (CT), Los Cerritos Center (CA), Washington Square (OR), Chandler Fashion Center (AZ) and Freehold Raceway Mall (NJ).

Key Points:

The five properties where these Sears boxes are located, all high-performing Regional Town Centers in the Macerich portfolio, include Danbury Fair (CT), Los Cerritos Center (CA), Washington Square (OR), Chandler Fashion Center (AZ) and Freehold Raceway Mall (NJ).
Total GLA of the five former Sears boxes is approximately 819k sf.
“Macerich is pleased to gain full ownership and control of these former Sears boxes at five of our top Regional Town Centers – all located in terrific suburban U.S. markets,” said Dave Short, Executive Vice President, Asset Management, Macerich.
In fact, Primark already is open and performing well in part of the former Sears space at Freehold Raceway Mall.

Wish You Were Here Group and Macerich Announce Upscale, Experiential Restaurant Concept Élephante for Scottsdale Fashion Square

Retrieved on:

Thursday, May 18, 2023

Biltmore Fashion Park, Scottsdale Fashion Square, Nordstrom, Senior, Arrowhead Towne Center, Seafood, MAC, Restaurant, Chandler Fashion Center, NYSE, Wine, Nightclub, Hotel, Lease, SanTan Village, Kierland Commons, Phoenix

SANTA MONICA, Calif., May 18, 2023 /PRNewswire/ -- Wish You Were Here Group, the renowned, multi-concept hospitality company focused on creating unforgettable dining experiences inspired by global travel, and 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 upscale, experiential Élephante for the south wing at Scottsdale Fashion Square, which is now undergoing redevelopment.

Key Points:

Spanning 12,000 square feet, this first location expansion for Élephante outside Los Angeles is designed to deliver a multidimensional experience to the Scottsdale community.
While embracing an elevated take on the Santa Monica location, the Scottsdale venue will maintain the organic, breezy feel of Élephante in Los Angeles.
"With its vibrant community that appreciates elevated dining experiences, it's a favorable market for restaurants, especially in Scottsdale Fashion Square.
"We are very pleased to welcome the Wish You Were Here Group and Élephante to our top-performing Scottsdale Fashion Square," said Healey.

Wood Partners Champions Redevelopment in Chandler, Arizona with Grand Opening of Alta Chandler

Retrieved on:

Tuesday, February 28, 2023

Tanning, Alta, Chandler Fashion Center, Wells Fargo, Intel, Growth, Broad Top City, Pennsylvania, San Tan Mountain Regional Park, City, Employment, Allstate, Young, Clothing, Isagenix

CHANDLER, Ariz., Feb. 28, 2023 /PRNewswire/ -- National multifamily real estate development leader Wood Partners announced today the official grand opening of its newest luxury residential community, Alta Chandler.

Key Points:

CHANDLER, Ariz., Feb. 28, 2023 /PRNewswire/ -- National multifamily real estate development leader Wood Partners announced today the official grand opening of its newest luxury residential community, Alta Chandler.
Located at 1333 W. Parkland Boulevard, the opening of Alta Chandler comes on the heels of continued growth from new employment opportunities and attractions across the city.
In addition, Alta Chandler's premier location provides residents with direct access to the city's top employers including Deloitte, Isagenix, Wells Fargo, Allstate and Intel.
"We are excited to bring Alta Chandler to the thriving city of Chandler, which marks Wood Partners' third development in downtown Chandler," said Clay Richardson, Managing Director for Wood Partners.

Institutional Property Advisors Brokers $116 Million Multifamily Asset Sale in Metropolitan Phoenix

Retrieved on:

Thursday, December 8, 2022

Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE:MMI) , announced the sale of Liv Crossroads, a 356-unit multifamily property in Gilbert, Arizona.

Key Points:

Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE:MMI) , announced the sale of Liv Crossroads, a 356-unit multifamily property in Gilbert, Arizona.
Demographics within one mile of the property include average and median annual household income of $156,300 and $117,400, respectively.
Liv Crossroads is a 19-residential building property with a clubhouse, resort-style heated swimming pool and fitness center.
Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America.

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."

Fabletics Celebrates Store Openings and Announces 2022 Expansion Plan

Retrieved on:

Friday, March 4, 2022

EL SEGUNDO, Calif., March 04, 2022 (GLOBE NEWSWIRE) -- Fabletics today announced it plans to open 30 new store locations in 2022, underscoring its commitment to omnichannel retail. Celebrating retail for the first time in-person since the beginning of the COVID-19 pandemic, the brand will host a series of belated Grand Re-Opening events on Saturday, March 5 at the 21 Fabletics locations that opened since early 2020.

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Grand Re-Opening events to be hosted across the country Saturday, March 5th
EL SEGUNDO, Calif., March 04, 2022 (GLOBE NEWSWIRE) -- Fabletics today announced it plans to open 30 new store locations in 2022, underscoring its commitment to omnichannel retail.
The new locations planned for 2022 will bring Fableticss global brick-and-mortar presence to more than 100 storefronts by the end of the year.
Fabletics has proven that shoppers want the flexibility of both in-store and online shopping, commented Adam Goldenberg, CEO and Co-Founder, Fabletics.
With restrictions lifted in these areas, Fabletics will toast each store with festive events during store hours featuring fitness demos, special promotions and music from local DJs.

Macerich Introduces 'QuikSpace,' Fully Digitized Platform For Short-Term Retail Leases

Retrieved on:

Tuesday, October 12, 2021

The new platform and its sophisticated tenant portal will offer one-click lease execution for short-term retail space of up to 12 months, plus intuitive tools for managing accounts, making payments, renewing leases and more.

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The new platform and its sophisticated tenant portal will offer one-click lease execution for short-term retail space of up to 12 months, plus intuitive tools for managing accounts, making payments, renewing leases and more.
"By digitizing the process, Macerich is simplifying every aspect of short-term leasing with the goal of providing tenants with a frictionless experience," said Ken Volk, Executive Vice President, Business Development, Macerich.
To realize this new capability, Macerich has partnered with real estate industry software developer Yardi, utilizing its property data and listings platform CommercialEdge to power QuikSpace.
Macerich successfully implemented Yardi's core ERP system in 2019, including Voyager, Retail Manager, Forecast Manager and Construction Manager.

Macerich And Scheels To Bring Arizona's First SCHEELS Store To Chandler Fashion Center

Retrieved on:

Thursday, May 20, 2021

Macerich, Chandler Fashion Center, Chandler, Retailing, Nordstrom, Retailers, Real estate

"We are thrilled to be part of Chandler Fashion Center and want to thank city leadership and the team at Macerich for help bringing this project to life.

Key Points:

"We are thrilled to be part of Chandler Fashion Center and want to thank city leadership and the team at Macerich for help bringing this project to life.
"SCHEELS entrance into the Chandler market speaks volumes about the dynamic retail environment and vibrant quality of life in Chandler.With Macerich\'s leadership, Chandler Fashion Center continues to iterate with the times and cement itself as a premier shopping, culinary and entertainment destination.
We are excited to welcome SCHEELS to Chandler along with their 400 new associates," said Chandler Mayor Kevin Hartke.\nMacerich\'s President Ed Coppola agrees that Chandler Fashion Center is an ideal setting for this high-performing sporting goods retailer to enter the Arizona market.
"Nordstrom\'s closure during the pandemic presented a unique opportunity for the shopping center, the community, and our investors.