Carson, Calif. — Macerich (NYSE: MAC) and Simon Property Group (NYSE: SPG) have formed a 50/50 joint venture to develop Los Angeles Premium Outlets, a new outlet mall in Carson, located 13 miles south of downtown Los Angeles.
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New York City — Macerich has announced that Primark and Zara will be opening as part of a redevelopment at Kings Plaza, a 1.1 million-square-foot enclosed mall located in the New York City borough of Brooklyn.
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Antioch, Calif. – The center was 74 percent occupied at time of purchase.
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Tysons Corner, Va. — Tysons Corner Center will soon welcome 1.3 million square feet of mixed-use space.
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Chicago — The project, which opened Thursday, is 95 percent leased.
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New York — The two malls are Kings Plaza in Brooklyn and Green Acres Mall in Valley Stream.
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Carmel, Calif. — Seller Macerich owned the center since 1998.
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With a new, value-minded consumer in mind, traditional retail developers are getting in on the outlet game by partnering with established players.
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