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Simon property group canada11/15/2023 ![]() Simon continued to be a prolific acquirer of shopping centers, including a portfolio from New England Development in 1999 several prime properties from Rodamco North America in 2002 (including Houston Galleria in Houston, Texas and SouthPark Mall in Charlotte, North Carolina) several high-profile properties such as Dadeland Mall, Fashion Valley Mall, Copley Place, Fashion Centre at Pentagon City, and Stanford Shopping Center and in 2004, Chelsea Premium Outlets (now simply named "Premium Outlets"). Simon Property Group Headquarters opened in 2007. Following the CPI acquisition in 1998, the company announced it was reverting to its original name, Simon Property Group, as the DeBartolo family was resuming its private real-estate development operation, while retaining their interest in Simon. Notable acquisitions included The Retail Property Trust and a group of properties held by IBM's pension plan in 1997 and Corporate Property Investors(CPI) in 1998. DeBartolo Sr.family, another leading developer.Īssets in the then-fragmented industry. This was shortly after DeBartolo Realty became a publicly traded company encompassing the shopping mall interests of the Edward J. In 1996, Simon DeBartolo Group was created when Simon Property merged with former rival DeBartolo Realty Corp. Melvin Simon & Associates, owned by brothers Melvin Simon and Herbert Simon, was founded in 1960 in Indianapolis, Indiana, and had long been one of the top shopping center developers in the United States. Simon Property Group was formed in 1993 when the majority of the shopping center interests of Melvin Simon & Associates became a publicly traded company. ![]()
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