Login

Simon to Buy Prime Outlets for $2.3 Billion

Largest U.S. Mall Operator Expanding Outlet Center Division with Acquisition of 22-Property Retail Portfolio
By Andrew Deichler
December 8, 2009 | 6:32 P.M.

Simon Property Group Inc. (NYSE: SPG), the nation's largest mall operator, said Tuesday that it would acquire the Lightstone Group's Prime Outlets business for approximately $2.325 billion, including the assumption of Prime Outlets' existing indebtedness and preferred stock.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

News | Simon to Buy Prime Outlets for $2.3 Billion