November 11, 2014
Macerich Honored as NAREIT's 2014 Retail Leader in the Light
-Adds to the Company's recent GRESB Green Star 2014 award and LEED® Gold designation for Tysons Tower
SANTA MONICA, Calif., Nov. 11, 2014 /PRNewswire/ -- Macerich (NYSE: MAC) today announced a trio of major environmental awards, highlighted by the 2014 Retail "Leader in the Light" Award from the National Association of Real Estate Investment Trusts (NAREIT), honoring superior and sustained energy practices.
"Sustainability is a critical issue – one that is becoming increasingly important to our industry and its investors," saidSteven A. Wechsler, NAREIT President and CEO. "Macerich, as this year's retail sector winner of the Leader in the Light Award, has demonstrated consistent commitment to innovative environmental stewardship across its portfolio."
The "Leader in the Light" award comes on top of Macerich being designated a Global Real Estate Sustainability Benchmark (GRESB) Green Star 2014, an important measure of sustainability performance for real estate portfolios around the world.
Furthermore, Macerich today announced that its 22-story Tysons Tower office building, part of the new, mixed-use densification project at its highly productive Tysons Corner Center regional mall, has earned LEED® Gold designation from the U.S. Green Building Council. LEED certification is the world's premier mark of achievement in green building.
"These awards at the global, national and asset levels are a testament to Macerich's leadership in and commitment to sustainability practices," said Art Coppola, Chairman and CEO, Macerich. "Our focus on sustainability is not only good for the environment, but it is also smart business for our company, benefiting investors, retailers and the local communities we serve."
For more information on Macerich's broad-based sustainability approaches and results, please visit www.macerich.com/experience/social/SustainabilityReport.
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 approximately 56 million square feet of gross leasable area consisting primarily of interests in 52 regional shopping centers. Additional information about Macerich can be obtained from the Company's website at www.macerich.com
Karen Maurer, 602-708-6311, Macerich, Website: http://www.macerich.com