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General Growth Under Contract To Buy St. Louis Trophy Mall

A.D. Pruitt Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- General Growth Properties, Inc. (GGP) said Tuesday it is under contract to buy Plaza Frontenac, a 500,000-square-foot luxury mall in St. Louis. The property, built in 1974, had been put on the block by Perlmutter Investment Co.'s Davis Street Land Co. and Verizon Communications Inc.'s (VZ) pension fund. General Growth's chief executive, Sandeep Mathrani, said during the company's earnings call that it plans to pursue a joint venture with an institutional investor for the mall. General Growth, the nation's second-largest mall owner behind Simon Property Group Inc. (SPG), owns and has a management interest in 166 malls in 43 states. The company's portfolio totals 169 million square feet of space. -By A.D. Pruitt, Dow Jones Newswires; 212-416-2197; angela.pruitt@dowjones.com

Stock News for General Growth Properties (GGP)
DateTimeHeadline
04/21/201516:02:00General Growth Properties Announces Acquisition of The Crown...
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04/17/201516:50:19Current Report Filing (8-k)
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04/13/201507:29:20Sears Holdings, Simon Property Form Joint Venture -- Update
04/13/201507:20:10Sears Holdings, Simon Property Form JV
04/13/201507:09:14Sears Holdings, Simon Property Form Joint Venture
04/01/201508:50:45Sears Moves to Raise $2.5 Billion By Selling Real Estate--3rd...
04/01/201508:28:29Sears to Partner with General Growth Properties on Real-Estate...
04/01/201507:50:05Sears to Partner on Real-Estate JV
04/01/201507:26:04Sears to Partner with General Growth Properties on Real-Estate...
04/01/201507:20:18Sears to Partner with General Growth Properties on Real-Estate...
04/01/201506:59:22Sears Holdings enters into real estate JV with General Growth...
04/01/201506:18:00Sears Holdings And General Growth Properties Announce 50/50 Joint...
04/01/201502:20:08Macerich Rejects Simon Property's Takeover Bid
04/01/201502:13:29Macerich Rejects Simon Property's Takeover Bid -- Update
03/25/201517:32:39Statement of Changes in Beneficial Ownership (4)
03/18/201516:16:26Statement of Changes in Beneficial Ownership (4)

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