Shopping Mall REIT, Macerich (NYSE: MAC), is nearing completion on the acquisition of 43 Mervyn's department stores, totaling 3.4 million square feet, for $430 million. The transaction consummated at the end of 2007 and Macerich has already closed on 39 of the 43 stores for $400.2 million, the remainder will close this quarter. Leaseback terms include a 20-year initial term with extension options.