Macerich JV takes full ownership of Phoenix's Kierland Commons

02/28/2011 | American City Business Journals

A Macerich joint venture has acquired full ownership of the Kierland Commons center in North Phoenix from Woodbine Development and the Herberger Interests of Phoenix/Scottsdale. Macerich and Institutional Mall Investors partnered to buy a 49% stake in the retail center in 2005. Now the two companies each own 50% in Kierland.

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