ANNAPOLIS, Md. — The Annapolis Mall once again has a new owner.
Macerich, a major national real estate investment trust company, released a statement May 6 announcing that it acquired Annapolis Mall, a Class A retail center totaling approximately 1.5 million square feet (1.2 million square feet owned) in Annapolis, Maryland, for $260 million, plus the adjacent 13.1-acre vacant Sears parcel for $12 million.
Previous owners Atlas Hill RE and Centennial acquired the mall in 2024 and announced more than 300,000 square feet in new stores. Atlas Hill announced an expansion that included seven new stores in October 2025.
“Annapolis is exactly the kind of acquisition we said we would pursue,” said Jackson Hsieh, president and chief executive officer of Macerich. “It’s located within a strong trade area with limited competition, the property is undergoing a significant elevation and transformation of its merchandising plan and tenant mix, including a new Dick’s House of Sport store opening in the fall, and there is a clear path to durable NOI growth that is accretive to our 2028 target FFO ranges under the Path Forward Plan.”
Annapolis Mall has more than 200 specialty stores and national brands like Apple, lululemon, Zara, Tesla, Dave & Buster’s, Dick’s House of Sport, Aerie, DTLR and Urban Planet. The mall is located in Parole, Maryland, and serves as a regional hub for people in Maryland.
Locals will have to stay tuned to learn more about the future of the mall and what they can expect from the new ownership.
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