![]() ![]() Located in Elmhurst, New York, Queens Center - an urban shopping center - has emerged as one of the best-performing in the Macerich portfolio of high-quality properties. These properties are located in densely populated areas, where affluent consumers with significant disposable incomes live and play, offering the company solid scope to generate decent cash flows. Macerich has a portfolio of premium assets in the United States, with a notable presence in California, the Pacific Northwest, Arizona and the Metro New York to Washington, DC corridor. Grunert, executive vice president, Leasing, Macerich, “Zara is a great complement to the strong roster of shopping, dining and entertainment experiences Queens Center delivers to residents and visitors in our vibrant borough.” Zara, one of the largest fashion retailers worldwide, is expected to open a multi-level location. The move is likely to draw more shoppers to this well-known retail destination, boding well for Macerich.įollowing the announcement, shares of MAC gained 1% on Mar 2 regular trading session on the NYSE. ![]() ![]() Amid the growing demand for its premium shopping centers, The Macerich Company ( MAC Quick Quote MAC - Free Report) has announced that its popular Queens Center in New York City will welcome the sought-after European fashion retailer - Zara.
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