June 14, 2002

Macerich seeks ?clarification? on Crossroads plan

By

BOULDER — Macerich Co.’s pending acquisition of FlatIron Crossing mall in Broomfield ?will not have a negative impact? on negotiations between the company and Boulder city leaders on a plan to redevelop Crossroads Mall in Boulder, according to Macerich Chief Executive Art Coppola.

Santa Monica, Calif.-based Macerich, owner of most of Crossroads Mall, has agreed to pay $1.475 billion for Phoenix-based Westcor Realty Limited Partners and its nearly 30 malls, including FlatIron Crossing. Macerich will assume $733 million in existing debt and $80 million of convertible preferred securities. Westcor, which becomes a subsidiary of Macerich, will continue to run FlatIron Crossing.

Coppola…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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