MAC - Macerich acquires remaining 50% interest in 5 former Sears boxes
2023-06-15 06:30:18 ET
- Macerich ( NYSE: MAC ) acquired remaining 50% interest in five former Sears boxes from joint venture partner Seritage Growth Properties.
- Total GLA of the five former Sears boxes is approximately 819k sf.
- Dave Short, executive VP, Asset Management, Macerich, “Building on the prior leasing and activation of several of these boxes, this transaction allows us to continue to pursue redevelopment of these properties in any number of ways – from adding mixed-use and greater density, which is a hallmark of Macerich’s Regional Town Center strategy, to bringing in highly productive retail performers.”
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Macerich acquires remaining 50% interest in 5 former Sears boxes