Real Estate/Development
Dec. 2, 1999
$535 million transaction for Macerich, pension plan JV
Santa Monica - Lakewood Mall, Stonewood Mall and Los Cerritos Center were contributed to a joint venture owned 51 percent by Macerich Partnership LP and 49 percent by Ontario Teachers' Pension Plan Board. The total value of the transaction is approximately $535 million.
Santa Monica - Lakewood Mall, Stonewood Mall and Los Cerritos Center were contributed to a joint venture owned 51 percent by Macerich Partnership LP and 49 percent by Ontario Teachers' Pension Plan Board. The total value of the transaction is approximately $535 million.
Combined, the three malls have more than 4 million square feet of gross leaseable area and generate almost $900 million in total annual sales. The centers, all located in Los Angeles County, contain a...
Combined, the three malls have more than 4 million square feet of gross leaseable area and generate almost $900 million in total annual sales. The centers, all located in Los Angeles County, contain a...
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