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Simon Expanding Chicago Premium Outlets

Although Competition Remains Keen Among Outlet Mall Operators, Development Curve May Be Slowing, At Least Temporarily

Simon Property Group (NYSE: SPG) has broken ground on a 50-store, $110 million expansion of its Chicago Premium Outlets property in Aurora, IL, which will increase the size of one of the firm's most successful outlet centers by more than two-thirds to than 170 stores.

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