Tenant Update

Erected by Edward DeBartolo in 1968, the Lafayette Square Mall just two miles north of the Indianapolis Motor Speedway enjoyed its own fast-paced traffic for decades.

One of the highest-grossing malls in the nation is about to become a neighborhood.

Another highly experienced veteran of Retail Properties of America, Inc. has joined the team at Cullinan Properties.

Dillard’s saw its business weaken in the second quarter as consumers began to rein in their spending.

Total leased space at PREIT malls increased by more than a percentage point in the second quarter to 95%, but its net operating income decreased by 5.7%.

When many of his malls shut down at the start of the pandemic, CEO Steve Levin directed his team at Centennial to focus on creating new customer experiences.

Inflation worries aren’t stopping retailers from opening new stores.

PREIT has positioned itself to become a magnet for retailers looking to expand their store counts in the densely populated and dynamic East Coast market.