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Premium Outlets to make Canadian debut
Toronto, Ontario — Indianapolis-based Simon Property Group and Toronto-based Calloway Real Estate Investment Trust announced they will develop the first Premium Outlet Center in Canada.
The center will be located in the Town of Halton Hills, Ontario, just 15 minutes outside of Toronto. Construction is slated to start in spring 2012.
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PREIT names retail leasing directors
Philadelphia — Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) announced that it has hired two new directors of retail leasing— Peter Elliott and Amy MacLaren.
Both will be responsible for the leasing of regional malls and retail relationships with key national tenants.