Macerich has purchased Annapolis Mall, along with a 13.1-acre vacant Sears parcel adjacent to the enclosed mall, for $272 million.
Serving the Baltimore and Washington D.C. metros, Annapolis Mall spans approximately 1.5 million square feet, with tenants that include Macy’s, AMC Theatres, Zara, Apple, The Cheesecake Factory, Urban Outfitters, Foot Locker, Hollister, American Eagle, Lululemon, Crate & Barrel and Maggiano’s. Dick’s House of Sport will open a 116,000-square-foot store later this year.
The acquisition excludes the Macy’s anchor, which is not owned, and a vacant JCPenney anchor store. Following the acquisition, Macerich plans to invest approximately $40 million in leasing capital, in addition to significant capital invested over the past two years by the prior owners to reposition the property.
“This property complements Tysons Corner and gives us control of the dominant retail position east of Washington, D.C.,” said Jackson Hsieh, President and Chief Executive Officer, Macerich. In 2024, Annapolis Mall was purchased by Centennial and Atlas Hill RE.
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