National Retail Real Estate Owner Acquires Maryland Mall

National retail real estate owner acquires Maryland mall

The Annapolis Mall has a new owner after a $272 million acquisition. See who bought it.

Macerich Acquires Annapolis Mall for $272 Million

Attractive Yield Including SNO of Approximately 10.5% with Compelling Opportunity to Elevate and Transform Through New Remerchandising Plan; Accretive to...

Annapolis Mall Sold in $272 Million Deal As Major Upgrades Continue

Source: SOPA Images / Getty A major retail property operator and developer is set to take over ownership of Annapolis Mall in a deal worth more than $270 million, CBS Baltimore reports. California-based Macerich Co. announced plans to purchase most of the 1.5 million-square-foot shopping center for $260 million, along with the neighboring vacant Sears property for an additional $12 million. According to the company, the acquisition does not incl…

Annapolis Mall Changes Hands Again In $272 Million Deal

Annapolis Mall has changed hands again, with Macerich acquiring the regional shopping center for $260 million and the adjacent vacant Sears parcel for another $12 million. The deal gives Macerich control of roughly 1.5 million square feet at one of Anne Arundel County’s most prominent retail properties. The acquisition does not include the Macy’s anchor or the vacant JCPenney anchor, which is being marketed for a new tenant. New Stores Plann…