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Milestones

Defining our greatest moments.

From then to now.

Discover the major events that have shaped Macerich's history, marked by strong leadership and strategic growth.

1990s
1994

Macerich makes initial public offering. (NYSE:MAC)

Macerich has accomplished a great deal since its debut as a public company in March 1994 with a modest total market capitalization of $600 million. Since then, we have grown to a total market capitalization of more than $20 billion. Today, Macerich is one of the top retail real estate companies in the country.

1995 - 1999

Growing the portfolio, one property at a time.

Our history of strategic acquisitions in key markets begins on the East Coast with the purchase of Queens Center in New York City; adding to our California portfolio with Santa Monica Place (Santa Monica, CA), Vintage Faire Mall (Modesto, CA), Stonewood Center (Downey, CA), Los Cerritos Center (Los Angeles, CA), and Westside Pavilion (Los Angeles, CA); as well as Washington Square (Portland, OR) and South Plains Mall (Lubbock, TX).

2000s
2002

Adding 14.1 million square feet of prime Arizona real estate.

Macerich acquires premier shopping center developer Westcor, adding a top collection of Arizona malls to the portfolio, including the iconic Scottsdale Fashion Square, Arrowhead Towne Center, Chandler Fashion Center in Metropolitan Phoenix, as well as FlatIron Crossing in Broomfield, CO. Macerich also makes a strategic acquisition in California – The Oaks (Thousand Oaks, CA).

2003 - 2004

Adding Biltmore Fashion Park and Victor Valley Mall; Expanding Queens Center.

Macerich makes another smart move in California with acquisition of Victor Valley Mall. Adding to its already dominant collection of Metro Phoenix properties, Biltmore Fashion Park joins the portfolio. Queens Center (Queens, NY), now one of the most productive malls in the country, undergoes major remerchandising and expansion.

2005

Forging a definitive national footprint.

The acquisition of Wilmorite gains another 13.4 million square feet of market-dominant East Coast properties, bringing Tysons Corner Center, Freehold Raceway Mall and Danbury Fair Mall to the portfolio. A partnership to add Kierland Commons (Metro Phoenix) is complete.

2006 - 2007

Redeveloping key properties and adding assets.

Burnishing our longstanding redevelopment prowess, Macerich celebrates the transformation of Twenty Ninth Street in Boulder, CO as well as Biltmore Fashion Park in Phoenix, AZ. The national portfolio continues to expand with the addition of Valley River Center (Oregon) and Deptford Mall (New Jersey).

2008

Becoming a leader in sustainability.

Macerich launches a comprehensive, long-range sustainability program, creating leading-edge shopping environments and driving efficiencies across the portfolio. The Shops At North Bridge (Chicago, IL) joins the portfolio.

2010

Introducing the all-new, award-winning Santa Monica Place.

Macerich breaks through expectations with the fresh, new and iconic Santa Monica Place – with anchors Nordstrom and Bloomingdale's and a roster of luxury retailers. The property will go on to earn multiple awards, including MAPIC's Best High Street Retail Development.

2011

Introducing Fashion Outlets.

Macerich enters the outlet sector with the acquisition of Fashion Outlets of Niagara Falls USA and begins the development of the innovative Fashion Outlets of Chicago.

2012 - 2013

Expanding in NYC and more.

Macerich expands its NYC footprint with the acquisition of Kings Plaza and Green Acres, opens the country's second Eataly in Chicago at The Shops at North Bridge, and near Washington, D.C., signs a major office tenant and the Hyatt Regency hotel brand for the Tysons Corner Center densification. The long-awaited Neiman Marcus opens at Broadway Plaza in San Francisco's East Bay.

2013

Macerich joins S&P 500 Index.

Macerich joins the prestigious list in May of this year, making it the first REIT to be added to the benchmark index in four years, a positive reflection on the entire REIT industry as well as Macerich.

2013

Opens Fashion Outlets of Chicago.

August 1 marks the opening of Fashion Outlets of Chicago, the first ground-up outlet for the company. With a prime location just minutes away from O'Hare International Airport, the center offers brands and amenities for residents as well as the international tourism market.

2013

Award-winning developments.

Macerich's Santa Monica Place is named ICSC's "VIVA" Best of the Best, and Northgate in Marin County, CA, earns LEED® Gold certification.

2014
2014

Tysons Corner Center opens first phase.

Macerich introduces Tysons Tower and the elevated Plaza that links the elements of the ambitious, new urban hub at Tysons Corner Center, which is built around the company's top-performing mall.

2014

Announces next new outlet.

In partnership with Lennar, Macerich announces its next new outlet development — Fashion Outlets of San Francisco for the site of the former Candlestick Park.

2014

Recognition for sustainable practices.

Demonstrating a consistent commitment to innovative environmental stewardship, Macerich earns the prestigious NAREIT "Leader in the Light" as well as the Global Real Estate Sustainability Benchmark (GRESB) Green Star rating. Also in 2014, Tysons Tower earns the LEED® Gold designation.

2015
2014 - 2015

Announces new partnerships.

Macerich establishes a 50% partnership with PREIT to redevelop The Gallery, a major property located in the heart of Philadelphia's business and tourism center, as Fashion Outlets of Philadelphia. The company also enters into a new joint venture with Sears Holdings to acquire 50% of Sears' buildings at nine top Macerich properties.

2015

Tysons Corner Center grand celebration.

With the opening of VITA luxury residences and the Hyatt Regency hotel, Macerich celebrates the completion of the trailblazing urbanization project at Tysons Corner Center.

2015

Continued industry acknowledgement for environmental stewardship.

Macerich earns 2015 Retail "Leader in the Light" by the National Association of Real Estate Investment Trusts (NAREIT) for the second straight year, as well as the Global Real Estate Sustainability Benchmark (GRESB's) #1 Ranking - US Retail Sector, and selected for the Carbon Disclosure Project (CPD's) 2015 Climate A list, identifying our A grade actions to mitigate climate change.

2015 - 2016

Strategic joint ventures.

Macerich raised $2.3 billion dollars through two strategic partnerships, contributing a 40% interest in five properties (Arrowhead, Lakewood, Los Cerritos, South Plains, and Washington Square) and a 49% interest in three properties (FlatIron Crossing, Twenty Ninth Street and Deptford Mall).

2016
2016

Macerich enters Kansas City market.

In March, Macerich announced a 50/50 partnership with Taubman on the acquisition of Country Club Plaza in Kansas City, MO. Originally opened in 1928, the iconic, 15-block, 1.3 million square foot mixed-use retail and office property is located in the heart of the city.