Primark is setting up shop at another property within Macerich’s sprawling mall and shopping center portfolio.
The Ireland-based clothing retailer signed for a 54,600-square-foot, multi-level store at the real estate investment trust’s Queens Center mall at 90-15 Queens Boulevard in Elmhurst, Macerich said.
It wasn’t disclosed when Primark will move in or what it will pay per square foot. The retailer will join the likes of Apple, Adidas, Macy’s, Pandora and Sephora at the four-floor, 967,000-square-foot mall.
Primark’s forthcoming Elmhurst store will be the its seventh at a Macerich-owned property, which includes the retailer’s outpost at the three-story Kings Plaza Shopping Center in Mill Basin and the Danbury Fair mall in Connecticut.
Alongside its Mill Basin and Danbury locations, Primark’s portfolio of stores is growing across the tri-state. It has locations at Acadia Realty Trust and Washington Square Partners’ City Point development in Downtown Brooklyn, 162-10 Jamaica Avenue in Jamaica, the Staten Island Mall, the Roosevelt Field Mall in Garden City and the American Dream Mall in East Rutherford. The retailer will soon open stores at Macerich’s Green Acres Mall in Valley Stream and The Mills at Jersey Gardens in Elizabeth.
Primark’s deal comes on the heels of Macerich touting strong retail leasing at its properties on its fourth-quarter earnings call last month.
The mall and shopping center operator inked more than 260 leases for over 900,000 square feet across its portfolio last quarter. Macerich signed nearly 1,000 leases for 3.8 million square feet last year.
By the end of the fourth quarter, Macerich had 140 leases signed for more than 2 million square feet of new stores, which are expected to open through 2025. The REIT said it’s negotiating about 100 new leases for stores, totaling roughly 500,000 square feet to open through 2025.
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