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Shopping Center Giants Feast on Acquisitions

Published Friday, July 01, 2005

The nation's top shopping center owners continue to grow ever larger. Nineteen of the Top 25 Shopping Center Owners that have consistently appeared in NREI's rankings since 2003 now collectively own 288.4 million sq. ft. more than they did back then. And of that total, nearly 220 million sq. ft. was acquired since the beginning of 2004. Plenty of this growth has involved big-ticket mergers, such as Simon Property Group's acquisition of Chelsea Property Group, General Growth Properties' purchase of Rouse Co., and Macerich Co.'s acquisition of Wilmorite Properties, just to name three of 2004's signature deals, but ...

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