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Simon Pulls Plug on $3.6 Billion Taubman Mall Purchase

Move Marks Second Major Nixed Retail Deal as Pandemic Brought Shutdowns, Falling Sales
Simon Property Group says it no longer wants Taubman Centers' retail properties, which include Great Lakes Crossing Outlets in Auburn Hills, Michigan. (CoStar)
Simon Property Group says it no longer wants Taubman Centers' retail properties, which include Great Lakes Crossing Outlets in Auburn Hills, Michigan. (CoStar)
By Jennifer Waters
CoStar News
June 10, 2020 | 4:31 P.M.

Simon Property Group is pulling the plug on its $3.6 billion agreement to buy Taubman Centers, the second major retail deal to collapse after the pandemic cut sales across the industry.

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