Arden Fair finished 2016 at $860 per square foot (PSF) in sales, up six percent from 2015 and up 12 percent from 2014 sales. These findings rank Arden Fair in the top four percent of all malls in the country based on sales PSF.
Arden Fair's occupancy rate is also distinguished, currently ending the year at 99.5 percent occupancy.
"We look forward to another strong year of sales growth in 2017," said Strain.
ABOUT ARDEN FAIR
Arden Fair, located at 1689 Arden Way, is owned by Arden Fair Associates, LP and managed by Macerich. The shopping center is Sacramento's premier shopping destination, anchored by Nordstrom, Macy's, JCPenney, and Sears, and with more than 165 specialty shops and eateries. For more information, visit www.ardenfair.com or contact us through Text Concierge 916-407-5270.
Macerich, an S&P 500 company, 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 currently owns over 61 million square feet of real estate consisting primarily of interests in 58 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in California, Arizona, Chicago, Greater New York Metro and Washington, DC. Additional information about Macerich can be obtained from the Company's website at www.macerich.com.
CONTACT: Doug Elmets
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SOURCE Arden Fair Mall