Macerich To Acquire Filene's Space

By SHANNON HICKS

Published: May 19, 2006 12:00 am

Macerich To Acquire Fileneâs Space

DANBURY â Capitalizing on an opportunity to control important real estate in Danbury Fair Mall, The Macerich Company (NYSE: MAC) has announced an agreement to acquire the 168,879-square-foot Fileneâs Department Store from Federated Department Stores, Inc. The acquisition is expected to close in July.

âWeâre delighted our company is taking control of an important element of our shopping center by purchasing the Fileneâs space,â said Maura Ruby, senior manager, property management, Danbury Fair Mall. âWeâll be able to determine the best use of this significant square footage to meet the shopping preferences of people in our community. Itâs a wonderful blank slate where weâll create some great new experiences for our shoppers.

âWeâre going to have the perfect place for a new, highly desirable department store that, to date, has not had a presence in our market,â added Ms Ruby.

The purchase is part of Macerich Companyâs 11-store acquisition of redundant Federated Department Stores locations resulting from the Federated-May merger.

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Thank you Brandon for providing a realistic view of the cost of war.

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Thank you for your service and thank you Brandon Moore. I come from a family of veterans that goes back decades. I am grateful for their sacrifice and have advocated for their rights, as an attorney. There is such a divide between the demands of military service and civilian everyday life that many do not appreciate. I watched my oldest brother manage the two cultures. In the current political climate, I want someone with a long track record of community advocacy that addresses the needs of the Newtown elderly, students, young families, the growing costs of everyday living expenses, gun violence, food insecurity, division amongst groups, long term strategizing for economic development and improvement of quality of life. I have lived in Newtown five years and still do not know all there is to know in order to address the needs of neighbors. Michelle has lived in Newtown for sixteen years and has a record of fighting for the needs of the entire community. At this moment in our existence that is the type of fighter that we need and that is why I am grateful for Brandon Moore's service but my family and I support Michelle Ku and hope that she will be the State Representative and that Brandon Moore will be involved in moving the needs of the Newtown community forward, with the rest of us learning the needs of the community.

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In the time since this letter was written, the developer looking to redevelop this location reasonably accommodated this concern with an entrance and exit onto state rt 34, a main road. They did not get the same accommodation Toll Brothers was granted for the Simpson's condos, condos on what used to be horse pasture, and before that a Native American camp site. As for the open space concerns, this site is located adjacent to public sports fields, walking distance to Sandy Hook Center, and there is a trail head for a nice walking path in the woods and along the river directly across Oakview. Potential residents would have generous access to open space.

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Macerich To Acquire Filene's Space

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