Nordstrom to relocate its Oak Park Mall store to Country Club Plaza in Kansas City, Missouri

SEATTLE, 2018-Feb-06 — /EPR Retail News/ — Nordstrom, Inc. today (Feb. 2, 2018) announced plans to relocate its Oak Park Mall store in Overland Park, Kansas, to Country Club Plaza in Kansas City, Missouri. The new, approximately 116,000-square-foot store is expected to open in 2021. Nordstrom will continue serving customers at its current location in Oak Park Mall until it relocates.

“We’ve been fortunate to be able to serve our customers in this market at Oak Park Mall for the past 20 years and look forward to offering them a new shopping experience at Country Club Plaza,” said Jamie Nordstrom, president of stores for Nordstrom. “Kansas City continues to be a terrific market for us. We want to grow our business here, which means we need to invest in bringing our customers the best we have to offer when it comes to both our digital capabilities and our physical locations. By building a new store, we’re excited to provide a new experience that makes shopping with us even more convenient.”

“The addition of a new Nordstrom store advances Taubman and Macerich’s promise to create a modern, point-of-difference experience on the Plaza,” said William S. Taubman, chief operating officer, Taubman Centers, Inc. “Exciting new retail and dining will ensure the district’s future success and that it remains the crown jewel of the market.”

Taubman Centers, Inc. (NYSE: TCO) and The Macerich Company (NYSE: MAC) jointly own and manage the 15-block, 1.3 million-square-foot, mixed-use retail and office property located in Kansas City.

Nordstrom’s Oak Park Mall store opened in 1998 and was the company’s first store in Kansas. Nordstrom currently operates 18 Nordstrom stores and 44 Nordstrom Rack stores in the Midwest.

About Nordstrom
Nordstrom, Inc. is a leading fashion retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 366 stores in 40 states, including 122 full-line stores in the United States, Canada and Puerto Rico; 232 Nordstrom Rack stores; two Jeffrey boutiques; two clearance stores; seven Trunk Club clubhouses; and its Nordstrom Local service concept. Additionally, customers are served online through Nordstrom.comNordstromrack.comHauteLook and TrunkClub.com. Nordstrom, Inc.’scommon stock is publicly traded on the NYSE under the symbol JWN.

MEDIA CONTACT:
Jennifer Tice Walker
Nordstrom, Inc.
Jennifer.ticewalker@Nordstrom.com
1-877-746-6228

SOURCE: Nordstrom, Inc.

Taubman and The Macerich Company announce the appointment of Meredith Keeler as general manager of Country Club Plaza

KANSAS CITY, MO, 2016-Mar-02 — /EPR Retail News/ — Shopping center marketing and management veteran Meredith Keeler has been named general manager of Country Club Plaza, a marquee retail and office property in Kansas City recently acquired by Taubman and The Macerich Company. In this role, Keeler is responsible for operations, office, retailer and community relations, as well as marketing for the shopping center.

A long-time Taubman employee, Keeler brings nearly 20 years of experience to the position. Most recently, she served as general manager of Stamford Town Center in Stamford, Conn. She also was the director of marketing for all Taubman centers, and spent five years as marketing and sponsorship director for Northlake Mall in Charlotte, N.C. In recent years, she has helped execute grand openings for several Taubman properties includingCity Creek Center and The Mall of San Juan.

“There’s a vibrant energy in Kansas City and I’m thrilled to be part of the community’s unique history and charm,” said Keeler. “Country Club Plaza is incredibly iconic and I look forward to delivering a truly unique shopping and dining experience to both local residents and visitors.”

Prior to joining Taubman in 2004, Keeler held various marketing and sales positions at Carolina Place Mall in Pineville, N.C., as well as Racing Champions South in Charlotte, N.C.

Keeler graduated Magna cum Laude with honors from the University of North Carolina at Charlotte, where she earned a dual bachelor’s degree in communications and English. She is a member of the International Council of Shopping Centers and recently served on the Stamford Mayor’s Economic Development Task Force, as well as on the executive board of the Stamford Downtown Special Services District.

About Country Club Plaza
Originally constructed in 1922, Country Club Plaza is an iconic, 15-block, 1.3 million square foot mixed-use retail and office property located in the heart of Kansas City. The retail portion of the property includes 804,000 square feet of GLA featuring 45 unique-to-market tenants, with key retailers such as Apple, H&M, Tesla and Lululemon, as well as a dynamic mix of restaurants, including The Capital Grille and The Cheesecake Factory. The 468,000 square foot office portion of the property is comprised of the ten-story Valencia tower, which serves as the worldwide headquarters of Lockton Companies, and additional office space located above the ground-level retail.

About Taubman
Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 24 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Taubman is currently developing four properties in the U.S. and Asia totaling 4.1 million square feet. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong.

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Taubman Centers, Inc. and The Macerich Company announce the acquisition of Country Club Plaza from Highwoods Properties, Inc.

BLOOMFIELD HILLS, Mich., 2016-Mar-02 — /EPR Retail News/ — Taubman Centers, Inc. (NYSE: TCO) and The Macerich Company (NYSE: MAC) today announced the completion of the purchase of Country Club Plaza (Kansas City, Mo.) from Highwoods Properties, Inc. (NYSE: HIW).

Consideration for the mixed-use retail and office property was $660 million cash, excluding transaction costs. Taubman and Macerich each own a 50% interest in the center.

About Country Club Plaza
Originally constructed in 1922, Country Club Plaza is an iconic, 15-block, 1.3 million square foot mixed-use retail and office property located in the heart of Kansas City. The retail portion of the property includes 804,000 square feet of GLA featuring 45 unique-to-market tenants, with key retailers such as Apple, H&M, Tesla and Lululemon, as well as a dynamic mix of restaurants, including The Capital Grille and The Cheesecake Factory. The 468,000 square foot office portion of the property is comprised of the ten-story Valencia tower, which serves as the worldwide headquarters of Lockton Companies, and additional office space located above the ground-level retail.

About Macerich
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 55 million square feet of real estate consisting primarily of interests in 50 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, D.C. corridor. Additional information about Macerich can be obtained from Macerich’s website:www.macerich.com.

About Taubman
Taubman Centers is an S&P MidCap 400 real estate investment trust engaged in the ownership, management and/or leasing of 24 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Taubman is currently developing four properties in the U.S. and Asia totaling 4.1 million square feet. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong. www.taubman.com.

For ease of use, references in this press release to “Taubman Centers,” “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management’s current views with respect to future events and financial performance. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks and uncertainties.You should review both companies’ filings with the Securities and Exchange Commission, including “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.

Source: Taubman Centers, Inc.

For Taubman:

Investors, Ryan Hurren 248-258-7232, rhurren@taubman.com

Media, Maria Mainville 248-258-7469, mmainville@taubman.com

For Macerich:

Investors, John Perry 424-229-3345, john.perry@macerich.com

Media, Karen Maurer 602-708-6311, karen.maurer@macerich.com

Taubman Centers, Inc. and The Macerich Company to purchase Country Club Plaza from Highwoods Properties, Inc.

BLOOMFIELD HILLS, Mich., 2016-1-5 — /EPR Retail News/ — Taubman Centers, Inc. (NYSE: TCO) and The Macerich Company (NYSE: MAC) today announced an agreement to purchase Country Club Plaza (Kansas City, Mo.) fromHighwoods Properties, Inc. (NYSE: HIW).

The purchase price for the mixed-use retail and office property is$660 million cash, excluding transaction costs. Taubman andMacerich will each have a 50% interest in the center, which will be jointly managed by both companies. Concurrent with or shortly after closing, a long-term, fixed-rate loan for 50-60% of the purchase price is expected to be placed on the asset.

“Taubman and Macerich are bringing our collective expertise together to continue to ensure the long-term growth and success of the iconic Country Club Plaza,” said Robert S. Taubman, chairman, president, and chief executive officer of Taubman Centers. “This purchase is consistent with our strategy to own high quality, dominant assets in great markets.”

”This investment represents the latest example of Macerich’s continuing strategy of recycling capital out of slower-growth assets, including Panorama Mall which we recently sold for $100 million, into truly irreplaceable, market-dominant centers with stronger growth prospects,” said Arthur Coppola, chairman and chief executive officer ofMacerich. “Together with Taubman, we see opportunities to expand the market reach of the Plaza as well as the potential for further retail densification of this timeless asset.”

The transaction has been approved by the Boards of Directors of Taubman and Macerich. It is subject to usual and customary closing conditions and is expected to close in the first quarter of 2016.

About Country Club Plaza
Originally constructed in 1922, Country Club Plaza is an iconic, 15-block, 1.3 million square foot mixed-use retail and office property located in the heart of Kansas City. The retail portion of the property includes 804,000 square feet of GLA featuring 45 unique-to-market tenants, with key retailers such as Apple, H&M, Tesla and Lululemon, as well as a dynamic mix of restaurants, including The Capital Grille and The Cheesecake Factory. The 468,000 square foot office portion of the property is comprised of the ten-story Valencia tower, which serves as the worldwide headquarters of Lockton Companies, and additional office space located above the ground-level retail.

About Macerich
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 55 million square feet of real estate consisting primarily of interests in 50 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, D.C. corridor. Additional information about Macerich can be obtained from Macerich’s website:www.macerich.com.

About Taubman
Taubman Centers is an S&P MidCap 400 real estate investment trust engaged in the ownership, management and/or leasing of 23 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Taubman is currently developing four properties in the U.S. and Asia totaling 4.1 million square feet. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong. www.taubman.com.

For ease of use, references in this press release to “Taubman Centers,” “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management’s current views with respect to future events and financial performance. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks and uncertainties.You should review both companies’ filings with the Securities and Exchange Commission, including “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.

Source: Taubman Centers, Inc.

For Taubman:

Investors, Ryan Hurren 248-258-7232, rhurren@taubman.com

Media, Maria Mainville 248-258-7469, mmainville@taubman.com

or

For Macerich:

Investors, John Perry 424-229-3345, john.perry@macerich.com

Media, Karen Maurer 602-708-6311, karen.maurer@macerich.com

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Country Club Plaza, Kansas City, Mo. (Photo: Business Wire)

Country Club Plaza, Kansas City, Mo. (Photo: Business Wire)