It’s one of the world’s biggest mall owners, so it’s not surprising that Simon Property Group is investing a fortune in new experiences for its shoppers.
It’s a turbulent time for many American malls, and several owners and operators have had success reversing the fortunes of underperforming malls by transforming them into mixed-use destinations.
Macerich will soon be contacting potential retail tenants to fill an additional 225,000 sq. ft. of space proposed for the Fashion Outlets of Chicago in Rosemont.
CEO Joe Coradino’s mission to raise the average sales per square foot at PREIT malls to $500 got a boost with the signing of Forever 21 locations at three more of its malls.
Thor Equities construction veteran Maxin Gagneron has joined Levin Management Corporation as VP of construction and development, LMC president Matthew Harding announced.
