M&A Deal Summary

Macerich Acquires Westcor Realty Limited Partnership

On May 31, 2002, Macerich acquired real estate company Westcor Realty Limited Partnership for 1.5B USD

Acquisition Highlights
  • This is Macerich’s 1st transaction in the Real Estate sector.
  • This is Macerich’s largest (disclosed) transaction.
  • This is Macerich’s 1st transaction in the United States.
  • This is Macerich’s 1st transaction in Arizona.

M&A Deal Summary
Date 2002-05-31
Target Westcor Realty Limited Partnership
Sector Real Estate
Buyer(s) Macerich
Deal Type Add-on Acquisition
Deal Value 1.5B USD

Target

Westcor Realty Limited Partnership

Phoenix, Arizona, United States
Westcor Realty Limited Partnership, a dominant owner, operator and developer of regional malls and specialty retail assets in the greater Phoenix area.

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Buyer(S) 1

Buyer

Macerich

Santa Monica, California, United States
Category Company
Sector Real Estate
Employees659
Revenue 884M USD (2023)
DESCRIPTION

Macerich is a real estate investment trust (REIT). The Company is engaged in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers located throughout the United States. Macerich is based in Santa Monica, California.

DEAL STATS #
Overall 1 of 2
Sector (Real Estate) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Arizona) 1 of 1
Country (United States) 1 of 2
Year (2002) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 FlatIron Crossing

Broomfield, Colorado, United States

FlatIron Crossing, a 1.7 million square foot class A regional mall. Strong employment base IBM, Sun/Oracle, Ball Corp each employ over 3,000 in market 78,000 employees in trade area.

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