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Company type | Subsidiary |
---|---|
Industry | Shopping mall developer/manager |
Founded | Phoenix (1964) |
Defunct | 2012 |
Headquarters | Phoenix, Arizona, United States |
Area served | Southwestern United States |
Parent | Macerich |
Website | Defunct |
Westcor was a subsidiary of The Macerich Company and a large developer of shopping malls in the Southwestern region of the United States. It was founded in 1964 by entrepreneurs Rusty Lyon & Bob Teske.[citation needed] It was acquired by Macerich for $1.5 billion, after which it continued to operate as a separate, wholly owned division.[1] In 2012, Westcor was consolidated into Macerich who has continued to operate most of their properties.