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Macerich Sees Improved Leasing Activity, Looming Store Closings in Challenging Quarter

Despite Declining Occupancies, Sales per Square Foot in REIT's Shopping Centers Increased 13.2%
The Forever 21 store at Macerich's Vintage Faire Mall in Modesto, California. (CoStar)
The Forever 21 store at Macerich's Vintage Faire Mall in Modesto, California. (CoStar)
By Sunny Chudgar
CoStar Research
November 11, 2019 | 8:02 P.M.

Macerich outlined improved leasing activity at its regional malls in the company’s third quarter performance even as it braces for the impact from ongoing retail bankruptcies, the latest and most significant being Forever 21, which has 28 stores in Macerich's portfolio.

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