REAL ESTATE

Macerich will renovate Niagara Falls outlet center

BY Michael Fickes

Niagara Falls, N.Y. — Macerich has announced plans to renovate and expand Fashion Outlets of Niagara Falls USA. The project will add nearly 175,000 sq. ft. of retail and bring in 50 new tenants. With approximately 700,000 sq. ft. of top designer brand retailers, the expanded center will be one of the largest outlet malls in the country.

New retailers will include Disney, Forever 21, Helly Hansen, Kenneth Cole, Steve Madden, Swarovski, the Limited, White House|Black Market and others. To date, 77% of the expansion has been leased.

Expected to open this fall, the expanded center will boast more than 200 top retail names including Saks Fifth Avenue off 5th Outlet, Barneys New York, Burberry, J.Crew, Juicy Couture, Kate Spade, Michael Kors, Nike Factory Store, Under Armour and others, plus a variety of food court and dining options.

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REAL ESTATE

CBL sells Lakeshore Mall

BY Michael Fickes

Atlanta — CBL & Associates Properties has closed the sale of Lakeshore Mall to a private investor for $14 million. JLL brokered the transaction.

Belk, Bealls, Kmart, J.C. Penney and Carmike Cinema anchor the 490,086-sq.-ft. retail center in Sebring, Florida. A nearby Sears is a shadow anchor.

With its 95% occupancy rate, Lakeshore Mall anchors the retail hub that serves central Florida along U.S. Highway 27, the major north-south thoroughfare. Traffic counts average about 38,500 vehicles per day.

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REAL ESTATE

ICSC designations and awards

BY Michael Fickes

Woodland Hills, Calif. — NewMark Merrill Companies has announced that Heather Danko and Danielle Bovard have received the Certified Marketing Director designation from the International Council of Shopping Centers.

The CMD designation is awarded for expertise in multiple disciplines including marketing management, research, marketing plan implementation, public and community relations, advertising, and media buying.

Heather Danko, a 14-year veteran in the commercial real estate industry, directs the strategic development and execution of all activities related to corporate marketing and advertising at NewMark Merrill Companies. Her role includes all aspects of marketing strategies, advertising programs, website, social media marketing, mobile marketing and special community events for over 3-million square feet of property within NewMark Merrill’s California shopping center portfolio.

Danielle Bovard is responsible the strategic marketing direction for over 1.2-million sq. ft. of retail property in Anaheim, Upland, Riverside, and Santa Ana. Bovard creates and implements branding programs, community events, social media, mobile marketing, website and public relations.

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