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Macerich Company is a REIT that concentrates on major retail shopping centers in high growth areas of the U.S., especially the West Coast, the New York City metropolitan area and suburban Washington D. C. Its New York Stock Exchange ticker symbol is MAC. They have 72 retail shopping centers with over 76 million square feet leasable.
Mace Siegel founded Macerich in 1964, and is still Chairman of the Board. The first development was in Ames, Iowa. Headquarters are in Santa Monica California, and regional offices in Phoenix, Dallas and Rochester. It had its IPO in 1994. It acquired Westcor in 2002 and Wilmorite in 2004.
Macerich Company Properties:
Tysons Corner Center in Fairfax County, Va., Queens Center in New York City, The Oaks, La Cumbre Plaza, Arden Fair, Arrowhead Towne Center, Biltmore Fashion Park, Broadway Plaza, Camelback Colonnade, Capitola Mall, Carmel Plaza, Chandler Fashion Center, Fiesta Mall, Flagstaff Mall, Flatiron Crossing, Freehold Raceway Mall, Kierland Commons, Mesa Mall, La Encantada, Lakewood Center, One Scottsdale, Northridge Mall, Pacific View, Palisene, Green Tree Mall, Great Northern Mall, Hilton Village, Lakewood Center, Los Cerritos Center, The Shops at Northbridge, Rimrock Mall, Shopping Town Mall, The Shops at Tangerine, Twenty Ninth Street, Wilton Mall, South Towne Center, Valley River Center, Vintage Faire Mall, and Scottsdale Fashion Square in Arizona.
Macerich is a real estate investment trust profiting from the popularity of shopping in the Western United States and the most affluent areas on the East Coast.
Next: Ramco-Gershenson Properties -- buys and manages shopping centers
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