The Macerich Company engages in the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers (the ‘Centers’) located throughout the United States. The company is the sole general partner of, and owns a majority of the ownership interests in, The Macerich Partnership, L.P. (the ‘Operating Partnership’). The property management, leasing and redevelopment of the company's portfolio is provided by the company's management companies, Macerich Property Management Company, LLC, (MPMC, LLC) a single member Delaware limited liability company; Macerich Management Company (MMC); Westcor Partners, L.L.C.; Macerich Westcor Management LLC; and Westcor Partners of Colorado, LLC. The Centers The Centers, as of December 31, 2006, consisted of 73 Regional Shopping Centers and 18 Community Shopping Centers aggregating approximately 76.9 million square feet of GLA. The 73 Regional Shopping Centers in the company's portfolio average approximately 992,000 square feet of GLA and range in size from 2.2 million square feet of GLA at Tyson's Corner Center to 323,479 square feet of GLA at Panorama Mall. The company's 18 Community Shopping Centers have an average of approximately 237,000 square feet of GLA. The Centers include 300 Anchors totaling approximately 41.0 million square feet of GLA and approximately 10,000 Mall and Freestanding Stores totaling approximately 35.9 million square feet of GLA. Tenants The company’s major tenants, as of December 31, 2006, included Limited Brands, Inc.; The Gap, Inc.; Foot Locker, Inc.; Luxottica Group S.P.A.; AT&T Mobility, LLC; Zale Corporation; Abercrombie & Fitch Co.; Signet Group; Federated Department Stores; and J.C. Penney Company, Inc. Acquisitions The company, as of February 1, 2006, acquired Valley River Center, an 835,694 square foot super-regional mall in Eugene, Oregon. The company, as of July 26, 2006, purchased 11 department stores located in 10 of its Centers from Federated Department Stores, Inc. The company, as of December 1, 2006, acquired Deptford Mall, a two-level 1.0 million square foot super-regional mall in Deptford, New Jersey. History The Macerich Company was founded in 1965.
macerich co/the (MAC:New York)
401 Wilshire Boulevard
Santa Monica, CA 90401
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