Updated Sep 24, 2026
Jackson Hsieh Of Macerich Leases 45,000 Square Feet To Amancio Ortega For Zara Expansion In Cerritos
239 Los Cerritos Center
Building Size
45,000 SF
Asset Type
Retail
Closing
Sep 23, 2026
About this deal
AI
The property involved in this transaction is a retail space located at 239 Los Cerritos Center in Cerritos, CA. It encompasses a total of 45,000 square feet and is part of a shopping center spanning 1.3 million square feet in size.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Jackson Hsieh - Macerich
- Tenant: Amancio Ortega - Zara
Zara is set to significantly expand its footprint at the Los Cerritos Center, increasing from 22,000 to 45,000 square feet. This new flagship store is anticipated to open next year, contributing to a recent period of leasing activity at the shopping center, including other brands like Coach, Aritzia, Alo Yoga, Samsung, and Athleta.
On the Map
Retail
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Players
Cerritos Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93