Advertisement
Canada markets close in 1 hour 37 minutes

  • S&P/TSX

    21,970.98
    +85.60 (+0.39%)
     

  • S&P 500

    5,105.88
    +57.46 (+1.14%)
     

  • DOW

    38,284.66
    +198.86 (+0.52%)
     

  • CAD/USD

    0.7318
    -0.0005 (-0.07%)
     

  • CRUDE OIL

    83.90
    +0.33 (+0.39%)
     

  • Bitcoin CAD

    87,377.04
    -1,110.18 (-1.25%)
     

  • CMC Crypto 200

    1,333.11
    -63.43 (-4.54%)
     

  • GOLD FUTURES

    2,351.90
    +9.40 (+0.40%)
     

  • RUSSELL 2000

    2,004.03
    +22.91 (+1.16%)
     

  • 10-Yr Bond

    4.6730
    -0.0330 (-0.70%)
     

  • NASDAQ

    15,933.71
    +321.95 (+2.06%)
     

  • VOLATILITY

    15.08
    -0.29 (-1.89%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     
MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Latest stubborn U.S. inflation reading will bring about more 'wait and see' from the Fed

Macerich Names 6 Retailers for New Green Acres Commons

Zacks Equity Research
Updated

The Macerich Company MAC, the Santa Monica, CA-based retail real estate investment trust (“REIT”) disclosed names of the first 6 retailers for Green Acres Commons. Spread over an area of 20 acres, this 2-story, 335,000-square foot new retail center is located close to Green Acres Mall.

The above-mentioned six retailers include Ashley Furniture HomeStore, BJ’s Restaurants, Burlington Stores, Inc. BURL, Buffalo Wild Wings, Dick’s Sporting Goods Inc. DKS, and Five Below, Inc. FIVE. The center is currently under construction and these retailers are slated to open their outlets in the fall of 2016.

Macerich owns, acquires, leases, manages, develops and redevelops regional and community shopping centers in high barrier-to-entry U.S. markets. The company primarily focuses on attractive, densely populated markets of the U.S.

In recent times, Macerich has been making serious efforts to enhance the shopping experience at Green Acres Mall. These include the opening of an H&M Flagship location as well as bringing a new, 2-level, 70,000-square foot Century 21 Department Store to the mall. The latter is scheduled to open on Oct 27.

The addition of the new center, situated close to Green Acres Mall, will likely heighten the overall appeal of the destination for shoppers and retailers alike. These two upscale centers, jointly, will offer over 2.1 million square feet of shopping and dining space for visitors. Further, strong pre-leasing activities of Green Acres Commons underscore the attraction of the broader trade area.

Currently, both Macerich and Burlington Stores carry a Zacks Rank #2 (Buy). Dick’s Sporting Goods and Five Below have a Zacks Rank #3 (Hold).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
MACERICH CO (MAC): Free Stock Analysis Report
 
DICKS SPRTG GDS (DKS): Free Stock Analysis Report
 
FIVE BELOW INC (FIVE): Free Stock Analysis Report
 
BURLINGTON STRS (BURL): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research