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Merlone Geier Mgmt. Pays $93 Million for Sole Enclosed Regional Shopping Mall in Santa Cruz County

Macerich Co. Completes Sale of 749,988-SF Capitola Mall
By Eric Kies
May 3, 2016 | 5:43 P.M.

Merlone Geier Management, a San Francisco-based owner and operator of retail and retail-driven mixed-use properties along the West Coast, has acquired the Capitola Mall at 1855 41st Ave. in Capitola, CA from The Macerich Co. for $93 million, or approximately $407 per square foot.

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News | Merlone Geier Mgmt. Pays $93 Million for Sole Enclosed Regional Shopping Mall in Santa Cruz County