SANTA MONICA, Calif.,
Aug. 17 /PRNewswire-FirstCall/ --
Macerich® (NYSE: MAC) and the Alaska Permanent Pension Fund (APFC)
today announced the addition of American Girl to Tysons Corner
Center, one of the largest and most productive shopping centers in
the country located minutes from the nation's capital in
Northern Virginia.
American Girl is planning to open its first Washington, D.C.-area store, a two-level,
23,000-square-foot experiential retail store, at Tysons Corner
Center in summer 2011. The new American Girl store will offer the
complete assortment of the company's popular historical and
contemporary dolls, along with doll outfits, accessories,
girl-sized clothing, and a variety of best-selling American Girl
books. In addition, American Girl fans will be able to enjoy a meal
and a delicious dessert or celebrate a birthday in the store's fun
and casual 110-seat Bistro, treat their dolls to a new hairdo in
the Doll Hair Salon, or design a cute doll-sized T-shirt in the
"Creativi-Tees" boutique. A variety of girl-and-mom-friendly events
and programs will also be offered throughout the year.
"American Girl is one of the industry's most admired brands and
a leader in experiential retailing," said Doug Healey, senior vice president of leasing
for Macerich. "Tysons Corner Center is also an industry leader – as
a starting point for some of the industry's leading brands or brand
extensions, as one of the nation's largest and most productive
shopping centers, and in the evolution of the retail experience
over the past four decades. We are proud to be the new home of
American Girl and look forward to welcoming it to Tysons Corner
Center."
The addition of American Girl to Tysons Corner Center comes on
the heels of Macerich's highly successful re-opening of Santa
Monica Place, one of the few major retail projects to open in 2010
that saw crowds of more than 200,000 over the grand opening weekend
that began Aug. 6. Like Santa Monica
Place, which features numerous retail "firsts," Tysons Corner
Center is notable for its exceptional location and its history of
new concepts and market exclusives.
"Given our unparalleled success in experiential retailing over
the past decade, we are eager to bring our next American Girl store
to such a premier retail destination as Tysons Corner Center," said
Wade Opland, American Girl's vice
president of retail. "The premium location, coupled with the
shopping center's world-class mix of retailers, provides us with
even greater opportunities to celebrate girls in an unforgettable
environment."
Tysons Corner Center is a 2.2-million-square-foot super-regional
shopping center located in the heart of Northern Virginia's powerful commercial
corridor, a trade area where the average household income is
$130,268. The center anchors the
largest concentration of retail on the East Coast outside of
Manhattan and among its many
retail firsts are Nordstrom's first East Coast location, the first
Apple store and the first location for Cusp from Neiman Marcus.
American Girl Brands, LLC, is a wholly owned subsidiary of
Mattel, Inc. (Nasdaq: MAT) (www.mattel.com), the world's leading
toy company. Since American Girl's inception in 1986, the company
has devoted its entire business to celebrating the potential of
girls ages 3 to 12. American Girl encourages girls to dream, to
grow, to aspire, to create, and to imagine through a wide range of
engaging and insightful books, age-appropriate and educational
dolls and accessories, and unforgettable experiences. In meeting
its mission with a vigilant eye toward quality and service,
American Girl has earned the loyal following of millions of girls
and the praise and trust of parents and educators. To learn more
about American Girl or to request a free catalogue, call
1-800-845-0005 or visit www.americangirl.com.
Located at the intersection of Routes 7 and 123 just off the
Capital Beltway (I-495) in Northern
Virginia, Tysons Corner Center is among the largest retail
centers in the country. In addition to anchors Nordstrom,
Bloomingdale's, Macy's, Lord &
Taylor and L.L. Bean, Tysons Corner
Center offers a 16-screen AMC megaplex with stadium seating, family
and fine-dining restaurants, two food courts, a two-story Barnes
& Noble and more than 300 specialty retailers. For more
information, visit www.shoptysons.com or follow us on Facebook and
Twitter at facebook.com/tysonscornercenter and
twitter.com/shoptysons.
Macerich® (NYSE: MAC) aligns exceptional retail properties in
attractive U.S. markets with the business goals of the world's
retailers and the shopping preferences of local consumers. The
company is one of the country's leading owners, operators and
developers of highly productive retail properties.
Macerich is a fully integrated self-managed and
self-administered real estate investment trust, which focuses on
the acquisition, leasing, management, development and redevelopment
of regional malls throughout the United
States. Macerich now owns approximately 73 million square
feet of gross leaseable area consisting primarily of interests in
71 regional malls. Additional information about Macerich can be
obtained from the Company's website at www.macerich.com.
The Alaska Permanent Fund was created by referendum in 1976 to
save a portion of the state's oil revenue for the future. The Fund
is currently worth about $35 billion.
In 1980, the Alaska State Legislature created the Alaska Permanent
Fund Corporation to manage the investments of the Permanent Fund
outside of the State Treasury. The Fund is invested in a diverse
portfolio of assets, including U.S. and non-US. fixed income
securities, equities and real estate, as well as infrastructure,
absolute return and private equity investments. A portion of the
Permanent Fund earnings are distributed to eligible Alaskans, and
these dividends have ranged from $331
in 1984 to $1964 in 2000. In the fall
of 2009 dividends of $1,305 were paid
to more than 600,000 Alaskans.
Note: This release contains statements that constitute
forward-looking statements. Stockholders are cautioned that any
such forward-looking statements are not guarantees of future
performance and involve risks, uncertainties and other factors that
may cause actual results, performance or achievements of the
Company to vary materially from those anticipated, expected or
projected. Such factors include, among others, general industry,
economic and business conditions, which will, among other things,
affect demand for retail space or retail goods, availability and
creditworthiness of current and prospective tenants, anchor or
tenant bankruptcies, closures, mergers or consolidations, lease
rates and terms, interest rate fluctuations, availability and cost
of financing and operating expenses; adverse changes in the real
estate markets including, among other things, competition from
other companies, retail formats and technology, risks of real
estate development and redevelopment, acquisitions and
dispositions; the liquidity of real estate investments,
governmental actions and initiatives (including legislative and
regulatory changes); environmental and safety requirements; and
terrorist activities which could adversely affect all of the above
factors. The reader is directed to the Company's various filings
with the Securities and Exchange Commission, including the Annual
Report on Form 10-K for the year ended December 31, 2009 and the Quarterly Reports on
Form 10-Q, for a discussion of such risks and uncertainties, which
discussion is incorporated herein by reference. The Company does
not intend, and undertakes no obligation, to update any
forward-looking information to reflect events or circumstances
after the date of this release or to reflect the occurrence of
unanticipated events unless required by law to do so.
SOURCE Macerich
Copyright . 17 PR Newswire