Macerich

The Macerich Company
Type Public
NYSE: MAC
Industry Real estate investment trusts
Founded Santa Monica, California, (1964)
Headquarters Santa Monica, California,
Area served United States
Key people Arthur M. Coppola (CEO)[1]
Revenue US$ 901.5 million (2008)[2]
Total assets US$ 8.09 billion (2008)[2]
Total equity US$ 1.364 billion (2008)[2]
Employees 3,000 (2008)[3]
Website Macerich.com

Macerich (NYSE: MAC) is a self-managed Real Estate Investment Trust headquartered in Santa Monica, California.

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." Macerich is one of the largest owners of regional and community shopping centers in the United States, with 95 malls in 19 states.

Contents

Acquisitions

In 2002, it acquired Westcor Partners, the dominant shopping center owner and developer in Phoenix, Arizona.

In 2005, it acquired Wilmorite Properties, the dominant shopping center owner and developer in Rochester, New York.

Malls

Macerich Malls
Mall Location Metro Area
Arden Fair Mall Sacramento, California Sacramento, California
Arrowhead Towne Center Glendale, Arizona Phoenix, Arizona
Biltmore Fashion Park Phoenix, Arizona Phoenix, Arizona
Broadway Plaza Walnut Creek, California San Francisco, California
Carmel Plaza Carmel, California Monterey, California
Capitola Mall Capitola, California Santa Cruz, California
Cascade Mall Burlington, Washington Seattle, Washington
The Centre at Salisbury Salisbury, Maryland Salisbury, Maryland
Chandler Fashion Center Chandler, Arizona Phoenix, Arizona
Chesterfield Towne Center Chesterfield, Virginia Richmond, Virginia
Danbury Fair Mall Danbury, Connecticut New York, New York
Deptford Mall Deptford Township, New Jersey Philadelphia, Pennsylvania
The Empire Mall Sioux Falls, South Dakota Sioux Falls, South Dakota
Fiesta Mall Mesa, Arizona Phoenix, Arizona
Freehold Raceway Mall Freehold Township, New Jersey New York, New York
Fashion Fair Mall Fresno, California Fresno, California
Great Northern Mall Clay, New York Syracuse, New York
Green Tree Mall Clarksville, Indiana Louisville, Kentucky
Inland Center San Bernardino, California San Bernardino, California
Kierland Commons Phoenix, Arizona Phoenix, Arizona
Kitsap Mall Silverdale, Washington Seattle, Washington
La Cumbre Plaza Santa Barbara, California Santa Barbara, California
Lakewood Center Lakewood, California Los Angeles, California
Lindale Mall Cedar Rapids, Iowa Cedar Rapids, Iowa
Los Cerritos Center Cerritos, California Los Angeles, California
The Mall at Greece Ridge Greece, New York Rochester, New York
The Mall at Northgate San Rafael, California San Francisco, California
The Shops at North Bridge Chicago, Illinois Chicago, Illinois
Queens Center Queens, New York New York, New York
The Mall of Victor Valley Victorville, California San Bernardino, California
The Marketplace Mall Henrietta, New York Rochester, New York
Mesa Mall Grand Junction, Colorado Grand Junction, Colorado
Northridge Mall Salinas, California Salinas, California
The Oaks Shopping Center Thousand Oaks, California Thousand Oaks, California
Pacific View Ventura, California Ventura, California
Palisene Phoenix, Arizona Phoenix, Arizona
Queens Center Queens, New York Greater New York
Redmond Town Center Redmond, Washington Bellevue, Washington
Rimrock Mall Billings, Montana Billings, Montana
Ridgmar Mall Fort Worth, Texas Dallas-Fort Worth, Texas
Rotterdam Square Rotterdam, New York Schenectady, New York
Rushmore Mall Rapid City, South Dakota Rapid City, South Dakota
Santa Monica Place Santa Monica, California Los Angeles, California
Scottsdale Fashion Square Scottsdale, Arizona Phoenix, Arizona
Shoppingtown Mall DeWitt, New York Syracuse, New York
The Shops at Atlas Park Queens, New York New York, New York
Somersville Towne Center Antioch, California San Francisco, California
South Towne Center Sandy, Utah Salt Lake City, Utah
Southern Hills Mall Sioux City, Iowa Sioux City, Iowa
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 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
Westside Pavilion Los Angeles, California Los Angeles, California
Wilton Mall Wilton, New York Saratoga Springs, New York

NORAD Tracks Santa Program

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.[4][5] 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:[6][7]

Mall Location Metro Area
Danbury Fair Mall Danbury, Connecticut New York, New York
Freehold Raceway Mall Freehold Borough, 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.[6]

See also

References

  1. ^ http://www.macerich.com/?a=people&id=108
  2. ^ a b c http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MzM0NDU2fENoaWxkSUQ9MzE3NTAwfFR5cGU9MQ==&t=1
  3. ^ http://hoovers.com/company/Macerich_Company/ctxjki-1.html
  4. ^ "NORAD kicks off 50th anniversary of tracking Santa, Nov 21, 2005 by Sgt. 1st Class Gail Braymen, NORAD Public Affairs" (in en). NORAD. http://www.norad.mil/News/2005/112105.html. Retrieved 2009-12-29. 
  5. ^ "Decking the Malls: Holiday Marketing Programs Are More Elaborate than Ever, December 2006 by Debra Hazel" (in en). SCT - Shopping Center Today. http://www.icsc.org/srch/sct/sct1206/feat_decking_the_malls.php. Retrieved 2009-12-29. 
  6. ^ a b "Santa Tracking Station, November 2007" (in en). The Becker Group. http://www.beckergroup.com/Company/News/Becker_web_PressPDF_Santa.pdf. Retrieved 2009-12-31. 
  7. ^ "Macerich Malls Offer Interactive Santa Tracking Stations, December 12, 2007" (in en). Promo. http://promomagazine.com/retail/macerich_mall_santa_tracking/. Retrieved 2009-12-31. 

External links