Macerich Acquires Market-Dominant 1.3M-SF Crabtree Mall in Raleigh, NC for $290M ($223psf) from Clarion

  • 6/24/2025

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 The Macerich Company (NYSE: MAC) (the “Company” or “Macerich”), a leading owner, operator and developer of major retail properties in top markets, today announced the acquisition of Crabtree Mall, a market-dominant, Class A retail center totaling approximately 1.3 million square feet in Raleigh, NC for $290 million.

Macerich (NYSE: MAC)
David Hofmeister | SVP, Real Estate Services, East Region
Clarion Partners
Thomas James | Managing Director, Senior Acquisitions Officer-Mid-Atlantic/Southeast

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