A joint venture between Macerich Partnership L.P. and Walton Inland Investors IV acquired the 1 million-square-foot Inland Center in San Bernardino, Calif.

The value of the transaction was $63.3 million.

Inland Center is a regional mall anchored by Sears, Robinson-May, Macy’s and Gottschalks.

Walton Inland Investors IV is an affiliate of Walton Street Capital, LLC, a Chicago-based private investor.

The Macerich Co. is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

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