Macerich to Welcome Target as A New Tenant to Kings Plaza in Brooklyn
November 02, 2021 at 06:00 am
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Macerich announced it will welcome a new Target store as a new tenant to Kings Plaza in Brooklyn. The three-level, 90,000 square-foot Target will open in the former JCPenney location at Kings Plaza, the largest enclosed retail shopping center in Brooklyn. The new Target at Kings Plaza adds to the slate of anchor replacements announced recently for Macerich's major East Coast properties. This includes Primark coming to Green Acres Mall on Long Island, Tysons Corner Center in Northern Virginia and Fashion District Philadelphia ? all in former department store locations. New, multi-level Shoppers World department stores are now open at Green Acres Mall and Fashion District Philadelphia, both replacing former Century 21 department stores. In the West, Macerich announced in May that Arizona's first Scheel's All Sports will take the location of the former Nordstrom department store at Chandler Fashion Center.
The Macerich Company is a self-administered and self-managed real estate investment trust (REIT). The Company conducts its operations through The Macerich Partnership, L.P. (the Operating Partnership). The Company is focused on the acquisition, ownership, development, redevelopment, management, and leasing of regional and community/power shopping centers located throughout the United States. The Company, through its operating partnership, owns ownership interests in approximately 46 million square feet of real estate, consisting primarily of 43 regional town centers, three community/power shopping centers and one redevelopment property. The property management, leasing and redevelopment of the Company's portfolio is provided by the Company's management companies, including Macerich Property Management Company, LLC, Macerich Management Company, Macerich Arizona Partners LLC, Macerich Arizona Management LLC, MACW Mall Management, Inc., and MACW Property Management, LLC.