The store will remain open.
Phoenix-based Westcor Partners built FlatIron in 2000. Macerich bought Westcor last summer for $1.5 billion. Macerich also owns the Crossroads Mall in Boulder, which it hopes to redevelop.
FlatIron crossing averages about $400 per sf in sales.
Dillard's owns more than 300 stores in 29 states and expects about $8.3 billion in sales this year. Last year, it had $8.2 billion in sales, but in 2000 it boasted $8.6 billion in sales.
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