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Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis , Indiana.
This is a list of properties owned by Simon Property Group, an American property management corporation. [1] Austria. Parndorf Designer Outlet [1] Canada.
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On May 28, 2014, the company, which at that time owned interests in 98 shopping centers, was spun off by Simon Property Group. [4] In June 2014, the company acquired its partner's 50% interest in Clay Terrace for $22.9 million. [5]
In 2003, Simon Property Group attempted to acquire the company via a hostile takeover. [7] In 2011, the company transferred The Pier Shops at Caesars to its lenders. [ 8 ] In January 2012, Regency Square in Richmond, Virginia , was surrendered to creditors to avoid foreclosure. [ 9 ]
In 1990, [6] he joined Simon Property precursor Melvin Simon & Associates as Chief Financial Officer. In 1993, he led the efforts to take Simon Property Group public with a nearly $1 billion initial public offering that, at the time, was the largest real estate stock offering. He became CEO in 1995 and chairman in 2007.
Columbia Center is a shopping mall located in northwestern Kennewick, Washington, owned by Simon Property Group. It is the largest mall in southeastern Washington, with two Macy's stores (both formerly The Bon Marché) and JCPenney as its anchors. [3] It opened in 1969, [4] and has undergone two major renovations.
Acquired by Simon Property Group Corporate Property Investors was a real estate investment trust that built several notable shopping centers , including Lenox Square in Atlanta , the Burlington Mall in Massachusetts , and Roosevelt Field Mall in New York.