Macerich's A-Quality Portfolio Continues to Draw Large-Format Entertainment Tenants

SANTA MONICA, Calif., July 12, 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, today announced a major large-format entertainment company has selected two more Macerich properties for a new location.

Round1 Bowling & Amusement is joining Macerich’s high-performing Arrowhead Towne Center in fast-growing suburban Phoenix and Danbury Fair in Connecticut.

"As our A-quality properties continue to attract a wide variety of new uses and new concepts, best-in-class, large-format entertainment companies are increasingly choosing Macerich destinations for their new locations," said Doug Healey, Senior Executive Vice President, Leasing, Macerich. "More and more, people want physical places where they can be together and have fun. We’re pleased that in addition to providing great settings for shopping, dining, staying, working and living, our Regional Town Centers continue to add even more large-format entertainment experiences that shoppers crave today."

Many of these additions include first-in-the-portfolio locations. Dave & Buster’s is now open at Vintage Faire, the dominant retail destination in Modesto in California’s Central Valley. XLanes recently opened its first Macerich location at Fashion Fair in Fresno, California, and Pinstripes is set to open at Broadway Plaza, nestled in the East Bay community of Walnut Creek, California.

Popular large-format entertainment concepts at Macerich properties include:

Round1 Bowling & Amusement, a multi-entertainment center offering bowling, arcade games, billiards, karaoke, ping pong, darts and more. Round1 is currently operating at other Macerich properties including Deptford Mall (Deptford, New Jersey), Lakewood Center (Lakewood, California), Valley River Center (Eugene, Oregon) and Fashion District Philadelphia.

Dave & Buster’s (NASDAQ: PLAY) offers an impressive selection of high-quality food and beverage items along with the latest games and attractions, including state-of-the-art simulators, games of skill and the D&B Sports Bar.

XLanes FEC (Family Entertainment Center) features everything friends and families look forward to when going out, including bowling, billiards, restaurant, bar, arcade and more.  

Pinstripes With 13 locations across the U.S., Pinstripes offers bowling, bocce and bistro, with made-from-scratch dining and signature service.

Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 48 million square feet of real estate consisting primarily of interests in 44 regional town centers. Macerich is firmly dedicated to advancing environmental goals, social good and sound corporate governance. A recognized leader in sustainability, Macerich has achieved a #1 GRESB ranking for the North American retail sector for seven straight years (2015-2021). For more information, please visit www.Macerich.com.

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SOURCE Macerich Company

Karen Maurer, 1-602-708-6311, Karen.Maurer@macerich.com

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Macerich Company
Symbol: MAC
CIK: 912242
Exchange: NYSE
Founded: 1964 (60 years)
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Retail

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Last updated: 2024-05-16 12:57:02 PST