Full Description

Simon Property Group, Inc. (Simon) is a United States-based real estate company. Simon operates from five retail real estate platforms: regional malls, Premium Outlet Centers, The Mills, community/lifestyle centers and international properties. As of November 10, 2009, owns or has an interest in 387 properties comprising 262 million square feet of gross leasable area in North America, Europe and Asia.

The Company’s subsidiary, Chelsea Property Group, owns, develops and operates upscale outlet centers. Its portfolio includes 49 Premium Outlet Centers, including 40 in the United States, seven in Japan, one in Korea and one in Mexico. Chelsea Premium Outlet Centers in the United States are located primarily in or near major metropolitan markets, such as New York, Los Angeles, Boston and Chicago and visitor markets, such as Orlando, Las Vegas and Palm Springs.

Simon’s Mills properties portfolio is comprised of two types of assets: regional malls and Mills properties, totaling over 45 million square feet of gross leasable area. A Mills property typically comprises over one million square feet of gross leasable area and has a combination of traditional mall, outlet center and big box retailers and entertainment uses, all focused on delivering value for the consumer. These assets are located in major metropolitan markets. The Mills is Simon’s fifth retail real estate platform.

Simon's Community / Lifestyle Center Division consist of more than 70 centers comprising over 20 million square feet in size. These properties range in size from 30,000 square feet to over 900,000 square feet. All of the properties in the Community Lifestyle Center Division are an open-air format and offer a range of merchandise opportunities in a well located and convenient setting. These daily-need centers operate with the who's who of big box anchor stores and many national, regional and local small store operators.