The Macerich Company ( ) is a real estate investment trust that invests in shopping centers. It is the third-largest owner and operator of shopping centers in the United States. As of December 31, 2024, the company owned interests in 43 properties comprising 43 million square feet of leasable area. The company name is a portmanteau of its founders, Mace Siegel and Richard Cohen.
History The company traces its antecedents to the MaceRich Real Estate Company founded in New York in 1964 by Mace Siegel and Richard Cohen who combined their first names to name their company.
In 1994, the company became a public company via an initial public offering.
In 2002, Macerich acquired Phoenix, Arizona–based Westcor for $1.475 billion. The purchase added 9 properties to Macerich's portfolio making them the largest mall owner in the Phoenix Metropolitan Area.
In 2005, the company acquired most of Rochester, New York-based Wilmorite Properties' portfolio for $2.333 billion, adding 11 shopping centers to Macerich's portfolio, including Tysons Corner Center in Tysons, Virginia.
In 2006, the company name was rebranded to "Macerich."
On April 1, 2015, the company rejected a $16.8 billion takeover offer from Simon Property Group.
In 2024, Jackson Hsieh took over as CEO of Macerich, succeeding former CEO, Thomas O'Hern. In the same year, the company announced that Daniel Swanstrom would succeed Scott Kingsmore as CFO.
Notable investments Mall Location Notes Annapolis Mall Annapolis, Maryland Arrowhead Towne Center Glendale, Arizona Broadway Plaza Walnut Creek, California Chandler Fashion Center Chandler, Arizona Crabtree Raleigh, North Carolina Danbury Fair Mall Danbury, Connecticut Deptford Mall Deptford Township, New Jersey Desert Sky Mall Phoenix, Arizona Eastland Mall Evansville, Indiana Fashion District Philadelphia Philadelphia, Pennsylvania Fashion Fair Mall Fresno, California Fashion Outlets of Chicago Rosemont, Illinois Fashion Outlets of Niagara Falls Niagara Falls, New York Flatiron Crossing Mall Broomfield, Colorado Freehold Raceway Mall Freehold Township, New Jersey Green Acres Mall Valley Stream, New York Inland Center San Bernardino, California Kierland Commons Phoenix, Arizona Kings Plaza Brooklyn, New York La Cumbre Plaza Santa Barbara, California long-term lease through 2077 Los Cerritos Center Cerritos, California The Mall of Victor Valley Victorville, California NorthPark Mall Davenport, Iowa Pacific View Mall Ventura, California Queens Center Queens, New York SanTan Village Gilbert, Arizona Scottsdale Fashion Square Scottsdale, Arizona South Plains Mall Lubbock, Texas Stonewood Center Downey, California Superstition Springs Center Mesa, Arizona Twenty Ninth Street Boulder, Colorado Tysons Corner Center Tysons Corner, Virginia Valley River Center Eugene, Oregon The Village at Corte Madera Corte Madera, California Vintage Faire Mall Modesto, California Washington Square Tigard, Oregon
See also Shopping property management firms
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