LOS CERRITOS CENTER ADDS NEW NAMES TO RETAIL LINE UP
Forever 21 Brings New Store to Center
Los Cerritos Center announced today that six retailers will join its 36,500 square-foot expansion as part of the new Nordstrom location opening in May 2010.
The merchandise mix of Los Cerritos Center will take on new flare with the opening of first-to-market True Religion Brand Jeans, a timeless approach to American-made quality denim with a 1970’s inspired vibe yet appealing to today’s consumer.
Joining True Religion in the expansion will be Love Culture, the new concept for young women and teens; M▪A▪C Cosmetics, an edgy makeup line worn by celebrities and used by the fashion industry world wide; Foreign Exchange, a fresh take on fashion as a way to help shape one’s insight about themselves and the world around; Carlton Hair International and Vision Shoes will also take new shop space in the expansion, moving from an existing location in the center
A new, 85,691-square-foot Forever 21 is also on track to open at Los Cerritos Center. This location will offer an unprecedented selection of great value fashions including men’s, women’s, accessories and shoes in a department store setting.
“Forever 21 is a very strong player in today’s changing retail landscape and will add considerable value to Los Cerritos Center,” said Randy Brant, Executive Vice President, Real Estate for Macerich. “This retailer has taken very innovative steps in growing its brand, securing the markets that offer opportunity for growth and matching their merchandise and experience to what consumers are looking for.”
“Our business is primed for significant growth this year in these department store spaces,” said Larry Meyer, Executive Vice President, Forever 21. “We are pleased to expand at Los Cerritos Center and bring with us an unmatched retail experience along with creating additional jobs.”
Nordstrom’s new, two-level, 138,000-square-foot store is currently under development and will be 20,000 square feet larger than their existing location at Los Cerritos Center. While the expansion project is well underway, new retailers continue to open and add excitement inside the center. Newly opened retailers include, Sidecca, an eclectic mix of retro-inspired fashions for teen girls to express their personal sense of style; Toy Connection, a colorful toy store concept; Robeks Juice, fresh, premium made-to-order smoothies and other healthy eats; Coffee Beanery, a specialty coffee store that offers a variety of drinks and gifts; and two new food-use tenants will open in the Palms Court Café this winter – Kyochon Chicken and Ruby Thai.
“Retail openings are few and far between in 2009,” said Ken Kraus, Senior Property Manager, for Los Cerritos Center. “The success of this project and continued leasing momentum says a great deal about the ongoing appeal of Los Cerritos Center and its market dominance. We are excited to add vibrant new retail as a compliment to the Nordstrom development.”
About Los Cerritos Center
The high-performing, 1.2 million square-foot super-regional shopping center is located in the mid-section of the Los Angeles/Orange County metropolitan area just off the 605 Freeway at South Street and across from the Cerritos Auto Square, the most successful regional auto mall in the world. The center features three department stores including Nordstrom, Macy’s, Sears and a soon-to-be flagship Forever 21 department store and more than 180 shops and restaurants.
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. The company is the sole general partner and owns an 87% ownership interest in The Macerich Partnership, L.P. Macerich now owns approximately 75 million square feet of gross leaseable area consisting primarily of interests in 72 regional malls. Additional information about Macerich can be obtained from the Company’s Web site at www.macerich.com.
ABOUT FOREVER 21
Forever 21, Inc., headquartered in Los Angeles, California, is a fashion retailer of women’s, men’s and kids clothing and accessories and is known for offering the hottest, most current fashion trends at a great value to consumers. This model operates by keeping the store exciting with new merchandise brought in daily. Founded in 1984, Forever 21 operates more than 730 stores in 48 countries with retailers in the United States, Australia, Brazil, Canada, China, France, Germany, Hong Kong, India, Israel, Japan, Korea, Latin America, Mexico, Philippines and United Kingdom. For more information please visit: www.newsroom.forever21.com