Fashion chain Zara is significantly increasing its presence in a shopping centre in Southern California. The clothing company is expanding its footprint from 22,000 square feet to a 45,000 square foot flagship store, which is scheduled to open in 2027 at Macerich's 1.3 million square foot Los Cerritos Center in southeastern Los Angeles County. The existing Zara store will remain open during the construction phase.
The property is located at 239 Los Cerritos Center, near the border between L.A. and Orange Counties. Key tenants at the centre include established brands such as Apple, Nordstrom, MAC, Lululemon and Harkins Theatres.
Dynamic development in tenant portfolio
Zara's expansion is part of a wave of new leases at the shopping centre. These new settlements underline the location's attractiveness for renowned retailers. The Los Cerritos Center is experiencing continuous development of its tenant portfolio.
- —Coach
- —Aritzia
- —Alo Yoga
- —Gorjana
- —Samsung
- —Athleta
Fashion brand Cider is also planning an opening during the Christmas period. According to Macerich, this will be the company's only physical location in the greater Los Angeles area outside Caruso's The Grove. DICK’S Sporting Goods is also planning to move in by 2028.
Macerich's portfolio and market performance
Macerich owns a portfolio of 39 million square feet of property space, distributed across 37 retail centres. A significant portion of this portfolio is concentrated in California, the Pacific Northwest, Phoenix and the New York to Washington corridor. The Real Estate Investment Trust (REIT) reported an occupancy rate of 94 percent after the second quarter of this year.
