GREENWICH, CT-Starwood Capital Group and Starwood Retail Partners said Wednesday afternoon that an affiliate has acquired Rimrock Mall in Billings, MT and Northridge Mall in Salinas, CA from Macerich Corp. Terms of the transaction were not disclosed; the two properties were among 17 that Macerich put up for sale in 2012.

The 620,000-square-foot Rimrock is the largest mall in Montana and is currently 95% occupied. Macerich bought it, along with Vintage Fair in Modesto, CA, in 1996, paying $118 million for both. It has owned the one-million-square-foot Northridge, now 91% occupied, since paying $128 million for it in 2003.

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