Northgate Re-Opens With Sought-After Retailers, Restaurants

- Marin County's Largest Shopping Center Celebrates Top-to-Bottom
Transformation, First-to-Market Stores -

SANTA MONICA, Calif., Nov. 12 /PRNewswire-FirstCall/ -- Macerich® (NYSE: MAC),
one of the nation's largest owners, operators and developers of regional
shopping centers, today opened the first phase of the major redevelopment of
Northgate, located in the heart of Marin County, Calif.

Shoppers were waiting for doors to open at the completely transformed
Northgate, which includes several first-to-market brands such as Forever 21,
Buckle, BJ's Brewery and Hot Topic among the 40 new and renovated retailers
and restaurants opening now through 2010. The center, which includes anchors
Macy's, Sears, Century Theatres and the new Kohl's, drew in both new shoppers
and many who had long awaited Northgate's re-designed look and merchandise
mix.

Northgate has attracted several dynamic local concepts, retail favorites such
as H&M and Tilly's while some longstanding Northgate retailers are returning
to the redesigned property.

"The result of a major, two-year redevelopment effort, Northgate's redesign
preserves the center's position as the largest and only enclosed regional
shopping center in Marin County," said Edward C. Coppola, President of
Macerich. "Northgate is another example from our portfolio of an exceptional
location in a market with both tremendous barriers to entry and outstanding
demographics."

At Northgate, Macerich is using sustainable building practices to target an
accomplishment rare among shopping centers - LEED certification by the U.S.
Green Building Council (USGBC) - in its redevelopment of Northgate.

"From opening to outside air whenever we can to relying on natural light for
55 percent of the 'daylight' needed at the center, Northgate was designed as
an environmentally friendly space - something we know is particularly
important to Marin County," said Chuck Davis, Vice President, Development, for
Macerich. "With this enticing new design, we've created a new shopping
environment that brings a great deal of energy, style and sustainability to
this market."

A fresh, new retail mix

Kohl's opened at Northgate on September 30 in the former Mervyn's location,
while new restaurant addition BJ's Brewhouse opened on November 2. In
addition to Northgate's existing anchors, the following retailers and
restaurants are or will be opening at Northgate this fall: Applebee's, Berry
Twist, Children's Place, Chipotle Mexican Grill, Claire's, Combo King, Fingers
and Toes/Faces and Places, GameStop, Gap, Gloria Jean's Coffees, GNC,
Gymboree, H&M, Hot Topic, Lenscrafters, Northgate Beauty, Northgate Jewelers,
PacSun, Panera Bread, Radio Shack, Regis Salon, Sbarro, See's Candies, Sheikh
Shoes, Sole Desire, Subway, Sunglass Hut, Tilly's, T-Mobile, Tomatina, US
Bank, Vans, Verizon Wireless, Visionary Opticians and Wetzel's Pretzels.

Also planning to open at Northgate are: Buckle, Footlocker, Forever 21, Great
Steak & Potato Co., Payless Shoe Source, Peet's Coffee, Roadside BBQ, Shogun
Fresh Japanese Grill and Stride Rite. The center's Rite Aid will shift
locations to a new building in spring 2010.

Framing Northgate's new retail mix is a new design that blurs the boundaries
between the indoors and the outdoors. New elements include a new courtyard
gathering place called the Oak Plaza, roll-away glass doors, open-air dining
areas and an indoor-outdoor food court near the Century Theatres. The center
itself offers new natural lighting and a more sophisticated, simplified
interior.

Macerich is a fully integrated self-managed and self-administered real estate
investment trust, which focuses on the acquisition, leasing, management,
development and redevelopment of regional malls throughout the United States.
The company is the sole general partner and owns an 89% ownership interest in
The Macerich Partnership, L.P. Macerich now owns approximately 76 million
square feet of gross leaseable area consisting primarily of interests in 72
regional malls. Additional information about Macerich can be obtained from the
Company's Web site at www.macerich.com.

Note: This release contains statements that constitute forward-looking
statements. Stockholders are cautioned that any such forward-looking
statements are not guarantees of future performance and involve risks,
uncertainties and other factors that may cause actual results, performance or
achievements of the Company to vary materially from those anticipated,
expected or projected. Such factors include, among others, general industry,
economic and business conditions, which will, among other things, affect
demand for retail space or retail goods, availability and creditworthiness of
current and prospective tenants, anchor or tenant bankruptcies, closures,
mergers or consolidations, lease rates and terms, interest rate fluctuations,
availability and cost of financing and operating expenses; adverse changes in
the real estate markets including, among other things, competition from other
companies, retail formats and technology, risks of real estate development and
redevelopment, acquisitions and dispositions; the liquidity of real estate
investments, governmental actions and initiatives (including legislative and
regulatory changes); environmental and safety requirements; and terrorist
activities which could adversely affect all of the above factors. The reader
is directed to the Company's various filings with the Securities and Exchange
Commission, including the Annual Report on Form 10-K for the year ended
December 31, 2008 and the Quarterly Reports on Form 10-Q, for a discussion of
such risks and uncertainties, which discussion is incorporated herein by
reference. The Company does not intend, and undertakes no obligation, to
update any forward-looking information to reflect events or circumstances
after the date of this release or to reflect the occurrence of unanticipated
events unless required by law to do so.

http://www.macerich.com

SOURCE Macerich

Anita Walker, +1-602-953-6200, for Macerich