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.
The Westminster Mall located between Long Beach and Santa Ana lost its Sears anchor seven years ago, but a new deal ensures that its Macy’s will live on.
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.
