What Annapolis Mall does

Annapolis Mall is a Class A regional shopping center of approximately 1.5 million square feet located at 2002 Annapolis Mall in Annapolis, Maryland, serving consumers across the greater Washington D.C. metropolitan area. The property houses more than 200 specialty stores, anchored by a high-demand tenant mix that includes Apple, lululemon, Zara, Tesla, Macy's, UNIQLO, Victoria's Secret, and Dick's House of Sport, alongside dining anchors such as The Cheesecake Factory, Maggiano's Little Italy, and California Pizza Kitchen, and entertainment operators including AMC Theatres and Dave & Buster's. The mall also provides ancillary services — 24-hour security, family parking, ATMs, Zoomaroo stroller rentals, a community pantry, and an on-site Discoveries library branch — plus community programming such as School Cents, fitness classes, and family events.

The property generates revenue almost exclusively through recurring retail tenant leases, with each tenant operating its own independent storefront and pricing; the mall itself sets no consumer pricing. Marketing and customer engagement are handled through a corporate website (shopannapolismall.com), an email newsletter, and Facebook and Instagram accounts, with traffic driven by events, sales promotions, and community programs. There is no proprietary technology platform or AI/ML capability disclosed; the underlying "infrastructure" is the physical Class A mall asset itself, including curated tenant mix and amenities.

In May 2026, Annapolis Mall was acquired by Macerich — one of the nation's largest retail REIT owners, operators, and developers — for $272 million total ($260M for the mall plus $12M for an adjacent 13.1-acre vacant Sears parcel), in an off-market transaction funded with cash on hand including ~$85M from Macerich's ATM program and $150M in revolving credit borrowings. Macerich has committed approximately $40M in leasing capital for strategic remerchandising, targeting a Year 1 NOI yield of ~9.2%, rising to ~10.5% with annualized signed-not-open leases and ~11.0% by 2030, with a Dick's House of Sport flagship opening in August 2026.

Name

Annapolis Mall

Legal name

Annapolis Mall

Website

https://shopannapolismall.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Annapolis Mall is a 1.5 million square foot Class A regional shopping center in Annapolis, Maryland, owned by Macerich, featuring 200+ specialty stores, dining, and entertainment serving the greater Washington D.C. metro area.

Ownership category

akta.pro rank

Product category

Shopping Center / Retail Real Estate

akta.pro primary industry

Conference Centers & Dedicated Meeting Venues (THAHAAAB)

Keywords

• Shopping mall operations
• Retail property leasing
• Shopping center management
• Anchor tenant leasing
• Retail real estate

Headquarters

HQ city

Annapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Supply Chain, Others

Revenue model

1. Retail tenant leasing: Annapolis Mall generates revenue through leasing retail space to specialty stores and anchor tenants. The mall is owned and operated by Macerich, one of the nation's largest owners, operators, and developers of one million square feet of leased space.

Distribution channels1 record

Marketing channels5 records

Core offering

Annapolis Mall is a Class A retail shopping center of approximately 1.5 million square feet in Annapolis, Maryland, leasing space to more than 200 specialty stores, dining venues, and entertainment operators. Owned and operated by Macerich, the mall functions as a curated retail, dining, and entertainment destination serving the greater Washington D.C. metro area. Tenant mix includes major brands such as Apple, lululemon, Zara, Tesla, Macy's, The Cheesecake Factory, Maggiano's Little Italy, AMC Theatres, and Dave & Buster's.

Product overview

Annapolis Mall is a single retail property operated by Macerich — a Class A shopping center of approximately 1.5 million square feet with more than 200 specialty stores, multiple dining options, and entertainment venues. The mall's offerings are organized into five integrated components: Retail Stores (the core shopping selection), Food & Dining (restaurants and casual eateries), Entertainment & Events (AMC Theatres, Dave & Buster's, and community programming), Mall Services (security, parking, ATMs, stroller rentals), and Movies (AMC Theatres). The property also hosts a Discoveries library branch and community pantry as tenant services.

Differentiator

Problem solved

Functional benefit

Products and services

• Annapolis Mall (Class A retail shopping center) A Class A retail shopping center of approximately 1.5 million square feet in Annapolis, Maryland, providing leased storefront space to more than 200 specialty stores and dining/entertainment tenants, serving shoppers in the greater Washington D.C. metro area.
• Retail stores leasing program Leased retail space hosting over 200 specialty stores and brands including Apple, lululemon, Zara, Tesla, Macy's, UNIQLO, Victoria's Secret, Michael Kors, Kay Jewelers, PANDORA, M.A.C Cosmetics, Aerie, DTLR, and Urban Planet for end-consumer shopping.
• Food and dining leasing program Leased food and dining space offering sit-down restaurants such as The Cheesecake Factory and Maggiano's Little Italy, casual dining, fast food, and specialty coffee/dessert venues including California Pizza Kitchen.
• Entertainment and events program Entertainment offerings including AMC Theatres and Dave & Buster's, plus community programming such as library programs, fitness classes, trivia nights, theater workshops, and family activities.
• AMC Theatres (Movies) Movie theater located within the mall offering current film releases to mall visitors.
• Mall services and amenities On-site amenities for visitors including 24-hour security, family parking, ATMs at multiple locations, lost and found, Zoomaroo stroller rentals, and community pantry.
• School Cents program Educational and school-related programs and services available at the mall.

Named customers22 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Westfield (Unibail-Rodamco-Westfield): Unibail-Rodamco-Westfield is one of the world's largest owners and operators of flagship shopping centers including Westfield malls in the U.S. and Europe. Directly comparable as a Class A mall operator competing in the same premium mall segment and leveraging similar anchor and specialty leasing economics.
• Simon Property Group: Simon Property Group is the largest U.S. retail REIT, operating Class A malls, premium outlets, and mixed-use destinations. Closely comparable as the dominant peer in U.S. mall real estate, sharing the same anchor tenant relationships, leasing dynamics, and consumer discretionary exposure.
• CBL & Associates Properties: CBL & Associates is a U.S. mall REIT operating enclosed regional shopping centers across the Sunbelt and Midwest. Comparable as a mall operator with overlapping tenant base (department stores, specialty retail, dining) but generally lower-tier asset quality.
• Washington Prime Group: Washington Prime Group (predecessor to CBL reorganization) operated a portfolio of enclosed and open-air malls in the U.S. Comparable as a peer mall REIT operating in similar middle-market Class B malls, useful as a comp set for tenant performance even though Annapolis Mall is a higher-quality asset.
• Brookfield Property Partners: Brookfield Property Partners owns and operates a global portfolio of retail and office assets including Class A malls acquired via the GGP transaction. Comparable as a large-scale mall owner and operator with similar leasing model and tenant relationships.
• Taubman Centers: Taubman (now part of Simon) operated a portfolio of high-quality Class A regional malls in the U.S. Direct peer operating in the same enclosed Class A mall format with similar upscale tenant mix and trade-area demographics.

Broad incumbents

• RPT Realty: RPT Realty owns and operates open-air shopping centers primarily in top U.S. metropolitan markets. Comparable as a retail landlord with similar tenant mix focus, but in a different (open-air, grocery-anchored) format than Annapolis Mall.
• Federal Realty Investment Trust: Federal Realty is a leading U.S. retail REIT focused on open-air shopping centers and mixed-use destinations in affluent coastal markets. Comparable as a high-quality retail landlord but with a different (open-air) format than Annapolis Mall's enclosed Class A structure.
• Regency Centers: Regency Centers is a leading U.S. grocery-anchored shopping center REIT. Comparable as a retail landlord with similar leasing and tenant relationships, but focused on necessity-based open-air centers rather than enclosed Class A malls.
• Brixmor Property Group: Brixmor is one of the largest publicly traded owners of open-air shopping centers in the U.S. Comparable as a major retail landlord, but the portfolio is predominantly grocery-anchored community centers rather than enclosed Class A regional malls.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/ShopAnnapolisMall
• Instagraminstagram.com/shopatannapolismall

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Annapolis Mall