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The Macerich Company
Traded as NYSEMAC
S&P 500 Component
Industry Real estate investment trusts
Founded Santa Monica, California, (1964)
Headquarters 401 Wilshire Boulevard
Santa Monica, California,
Area served
United States
Key people
Arthur M. Coppola (CEO)[1]
Revenue Increase US$ 881.3 million (2012)[2]
Total assets Increase US$ 9.31 billion (2012)[2]
Total equity Increase US$ 3.416 billion (2012)[2]
Number of employees
3,000 (2008)[3]

Macerich is a self-managed Real Estate Investment Trust headquartered in Santa Monica, California. It is the third-largest owner and operator of shopping centers in the United States.[4]

It 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. After years of buying and owning shopping centers privately, in 1994 the company went public as "The Macerich Company". In 2006, the company name was rebranded to "Macerich."


In 2002, Macerich acquired Phoenix-based Westcor Partners for $1.475 billion. The purchase added nine properties to Macerich's portfolio, including Scottsdale Fashion Square.[5] Three years later, it acquired Rochester-based Wilmorite Properties for $2.333 billion, adding 11 shopping centers to Macerich's portfolio including Tysons Corner Center.[6]

Potential merger[edit]

On April 1, 2015, the company rejected a $16.8 Billion takeover offer from Simon Property Group. Macerich rejected the takeover bid on the grounds that Simon undervalued the company and its future potential growth.[7][8]


Macerich Malls
Mall Location Metro Area Notes
Arden Fair Mall Sacramento, California Sacramento, California Owned by Fulcrum Property, managed by Macerich[9]
Arrowhead Towne Center Glendale, Arizona Phoenix, Arizona 60% ownership with GIC[10]
Biltmore Fashion Park Phoenix, Arizona Phoenix, Arizona
Broadway Plaza Walnut Creek, California San Francisco, California
Capitola Mall Capitola, California Santa Cruz, California
Cascade Mall Burlington, Washington Seattle, Washington
Chandler Fashion Center Chandler, Arizona Phoenix, Arizona
Country Club Plaza Kansas City, Missouri Kansas City, Missouri 50% ownership with Taubman Centers[11]
Cross County Shopping Center Yonkers, New York New York, New York
Danbury Fair Mall Danbury, Connecticut New York, New York
Deptford Mall Deptford Township, New Jersey Philadelphia, Pennsylvania
Desert Sky Mall Phoenix, Arizona Phoenix, Arizona
Eastland Mall Evansville, Indiana Evansville, Indiana
Freehold Raceway Mall Freehold Township, New Jersey New York, New York
Fashion Fair Mall Fresno, California Fresno, California
Fashion Outlets of Chicago Rosemont, Illinois Chicago, Illinois
Fashion Outlets of Niagara Falls Niagara Falls, New York Buffalo, New York
Flatiron Crossing Mall Broomfield, Colorado Denver, Colorado
Fashion District Philadelphia Philadelphia, Pennsylvania Philadelphia, Pennsylvania 50% ownership with PREIT. Mall managed by PREIT.[12]
Green Acres Mall Valley Stream, New York New York, New York
Inland Center San Bernardino, California San Bernardino, California
Kierland Commons Phoenix, Arizona Phoenix, Arizona
Kings Plaza Brooklyn, New York New York, New York
La Cumbre Plaza Santa Barbara, California Santa Barbara, California
La Encantada Tucson, Arizona Tucson, Arizona
Lakewood Center Lakewood, California Los Angeles, California 60% ownership with GIC[10]
Los Cerritos Center Cerritos, California Los Angeles, California 60% ownership with GIC[10]
The Mall of Victor Valley Victorville, California San Bernardino, California
Northgate San Rafael, California San Francisco, California
NorthPark Mall Davenport, Iowa Quad Cities
The Oaks Thousand Oaks, California Thousand Oaks, California
Pacific View Mall Ventura, California Ventura, California
Paradise Valley Mall Phoenix, Arizona Phoenix, Arizona
Promenade at Casa Grande Casa Grande, Arizona Phoenix, Arizona
Palisene Phoenix, Arizona Phoenix, Arizona Proposed, project was never constructed
Queens Center Queens, New York New York, New York
Rotterdam Square Rotterdam, New York Schenectady, New York
Santa Monica Place Santa Monica, California Los Angeles, California
SanTan Village Gilbert, Arizona Phoenix, Arizona
Scottsdale Fashion Square Scottsdale, Arizona Phoenix, Arizona
The Shops at Atlas Park Queens, New York New York, New York
The Shops at North Bridge Chicago, Illinois Chicago, Illinois
South Plains Mall Lubbock, Texas Lubbock, Texas 60% ownership with GIC[10]
SouthPark Mall Moline, Illinois Quad Cities
Southridge Mall Des Moines, Iowa Des Moines, Iowa
Stonewood Center Downey, California Los Angeles, California
Superstition Springs Center Mesa, Arizona Mesa, Arizona
Towne Mall Elizabethtown, Kentucky Elizabethtown, Kentucky
Twenty Ninth Street Boulder, Colorado Boulder, Colorado
Tysons Corner Center Tysons Corner, Virginia Washington, D.C.
Valley Mall Harrisonburg, Virginia Harrisonburg, Virginia
Valley River Center Eugene, Oregon Eugene, Oregon
The Village at Corte Madera Corte Madera, California San Francisco, California
Vintage Faire Mall Modesto, California Modesto, California
Washington Square Tigard, Oregon Portland, Oregon 60% ownership with GIC[10]
Westside Pavilion Los Angeles, California Los Angeles, California
Wilton Mall Wilton, New York Saratoga Springs, New York

NORAD Tracks Santa Program[edit]

Lt.-Gen. Rick Findley, deputy commander of the North American Aerospace Defense Command, and Robert Taylor, senior property manager at Citadel Mall, perform the ceremonial ribbon cutting during the Nov. 18, 2005 launch of the Citadel Mall's Santa Tracking Station.

The Macerich Company was a NORAD Tracks Santa program partner and sponsor for the 2005 and 2006 NORAD Tracks Santa seasons. As part of that sponsorship, from November 18 to December 25, 2005, for the 50th anniversary of the NORAD Tracks Santa program, the Citadel Mall (owned by The Macerich Company from 1997 to 2006) had a massive Santa Tracking Village that included a 25-foot tree, a tracking map and viewfinder where children and the young at heart could watch a NORAD Tracks Santa video, hear audio messages of peace from children around the world, and receive a 24-page coloring book with Santa's assistants wearing NORAD patches.[13][14] This NORAD/Santa Tracking Station effort was expanded upon, in cooperation with the Becker Group [1], so that by November 2007, NORAD/Santa Tracking Stations were featured at Macerich property locations, such as:[15][16]

Mall Location Metro Area
Danbury Fair Mall Danbury, Connecticut New York, New York
Freehold Raceway Mall Freehold Township, New Jersey New York, New York
Inland Center San Bernardino, California San Bernardino, California
Lakewood Center Lakewood, California Los Angeles, California
Los Cerritos Center Cerritos, California Los Angeles, California
Mesa Mall Grand Junction, Colorado Grand Junction, Colorado
Westside Pavilion Los Angeles, California Los Angeles, California

The NORAD/Santa Tracking Stations featured many interactive elements, including a state-of-the-art green screen photo operation, which digitally puts Santa and guests into an airborne sleigh flying over famous world landmarks. The overall experience provided retail centers with multiple benefits such as extended "stays of visit," additional, and changing foot-traffic patterns and property brand recognition. The result was a wonderful, and inventive boost to the physical shopping experience at the Macerich malls featuring NORAD/Santa Tracking Stations.[15]

See also[edit]


  1. ^ Macerich. "Macerich - Home". Retrieved 12 January 2018. 
  2. ^ a b c "". Retrieved 12 January 2018. 
  3. ^
  4. ^ Macerich. "Macerich - Brand Opportunities". Retrieved 12 January 2018. 
  5. ^ Company, The Macerich. "Macerich Announces $1.475 Billion Agreement to Acquire Westcor Realty L.P." Retrieved 12 January 2018. 
  6. ^ Company, The Macerich. "Macerich Announces $2.333 Billion Agreement to Acquire Wilmorite". Retrieved 12 January 2018. 
  7. ^ Stahl, George. "Macerich Rejects Simon Property's $16.8 Billion Takeover Bid". Wall Street Journal. Retrieved 26 January 2016. 
  8. ^ Gara, Antoine. "Simon Property Withdraws $95.50 A Share Macerich Takeover Bid". Forbes. Retrieved 26 January 2016. 
  9. ^ "Fulcrum Property - Retail". Retrieved 12 January 2018. 
  10. ^ a b c d e "Macerich Sells Mall Interests to GIC, Heitman for $2.3 Billion". Bloomberg. January 4, 2016. Retrieved January 25, 2015. 
  11. ^ "Country Club Plaza will sell $660 million". The Kansas City Star. January 4, 2016. Retrieved January 25, 2015. 
  12. ^ DiStefano, Joseph N. (July 31, 2014). "Mall developer Macerich Co. to invest $106.8M in Gallery revival effort". The Philadelphia Inquirer. Retrieved February 15, 2015. 
  13. ^ "NORAD kicks off 50th anniversary of tracking Santa, Nov 21, 2005 by Sgt. 1st Class Gail Braymen, NORAD Public Affairs". NORAD. Retrieved 2009-12-29. 
  14. ^ "Decking the Malls: Holiday Marketing Programs Are More Elaborate than Ever, December 2006 by Debra Hazel". SCT - Shopping Center Today. Retrieved 2009-12-29. 
  15. ^ a b "Santa Tracking Station, November 2007" (PDF). The Becker Group. Retrieved 2009-12-31. 
  16. ^ "Macerich Malls Offer Interactive Santa Tracking Stations, December 12, 2007". Promo. Retrieved 2009-12-31. 

External links[edit]