Retail landlord Macerich has struck a deal to sell a Los Angeles-area mall for $157 million as it sells off some properties and consolidates joint venture agreements as part of a strategy it unveiled earlier this year.
Macerich has deal to sell The Oaks mall in California for $157 million
REIT also pays $122 million to buy out partner’s stake in portfolio
By Linda Moss
CoStar News
November 7, 2024 | 12:03 AM
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IN THIS ARTICLE
- Properties
- Lakewood Center
1 Lakewood Center Mall, Lakewood, CA
- Los Cerritos Center
239 Los Cerritos Mall, Cerritos, CA
- Washington Square
9301 Washington Square Rd, Tigard, OR
- The Oaks Mall
152 Hillcrest Dr, Thousand Oaks, CA
- Companies
- The Macerich Company
Real Estate