rendering of the Los Angeles Premium Outlets, Carson, CA. Source: Macerich A rendering of the Los Angeles Premium Outlets, Carson, CA. Source: Macerich

CARSON, CA—Retail heavyweights Macerich and Simon Property Group have formed a joint venture to develop a 566,000-square-foot Los Angeles Premium Outlets here that is scheduled to open in three years.

Macerich of Santa Monica, CA and Indianapolis-based Simon in a 50-50 joint venture will co-develop and jointly lease the new outlet center that is designed to open with 400,000 square feet, followed by an additional 166,000 square feet in its second phase.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.