Macerich Company Description
Mallrats nationwide get their fix thanks to Macerich. The self-administered real estate investment trust (REIT) acquires, develops, and manages shopping and strip malls. Built primarily through the acquisition and redevelopment of retail properties, its portfolio consists of more than 70 regional shopping centers and 20 community shopping centers totaling about 80 million sq. ft. Most of its properties are located in Arizona and California, with a few in New York and Washington, DC. Macerich's top renters are Mervyns, The Gap, Limited Brands, and Foot Locker. The firm's subsidiaries include Macerich Property Management and Westcor Partners. Macerich was founded in 1964 by Mace Siegel and Richard Cohen.
View the Comprehensive Company Description for Macerich
The Company Description provides a historical perspective of Macerich's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Macerich's evolution in the marketplace.
