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Macerich vs. Whole Foods

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The owners of Boulder's Twenty Ninth Street shopping center have counter-sued Whole Foods Market Inc. and Wild Oats Markets Inc. over the 15-month-old development's unopened grocery store.

Santa Monica, Calif.-based Macerich Co. alleged that Whole Foods prevented Wild Oats from opening the 40,000-square-foot market in a move to diminish local competition. That action, Macerich claimed, is causing financial harm to the mall, its tenants and Boulder consumers.

The Austin, Texas-based Whole Foods bought Boulder's Wild Oats last year for $565 million.

Its "interference with Wild Oats' performance of the lease has injured other shopping center tenants by eliminating an anchor tenant operating a specialty grocery store and the Boulder community, by eliminating competition," attorney Timothy Gordon wrote in Macerich's claim.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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