Simon Property to Reopen 49 Malls
April 28 2020 - 3:35PM
Dow Jones News
By Esther Fung
Simon Property Group, the largest U.S. shopping mall owner, is
planning to reopen 49 malls and outlet centers in states loosening
stay-at-home restrictions, according to a person familiar with the
matter.
The properties will begin operating with reduced hours, and they
will offer free masks to shoppers at the mall management office,
the person said.
Malls and outlet centers in Georgia, Texas, Oklahoma, South
Carolina, Tennessee and Indiana are among those opening on May 1 or
May 2, the person said. The openings include some of Simon's
top-performing shopping centers, like Phipps Plaza in Atlanta and
the Galleria in Houston.
A Simon representative didn't respond to requests for
comment.
The Indianapolis-based mall giant, which owns more than 200
properties in the country, also plans to enhance sanitization,
including adding HEPA -- or high-efficiency particulate air --
filters that planes use, and offer infrared temperature testing to
customers.
Local government officials around the country have been urging
companies to get their businesses ready to reopen with safety
measures such as more frequent sanitization and social-distancing
protocols. Washington Prime Group, another mall owner based in
Columbus, Ohio, and Chattanooga, Tenn.-based CBL Properties
reopened malls in South Carolina last week.
Other retailers, including Five Below Inc., have informed
landlords that they will pay at least part of May's rent as their
stores reopen.
Simon Property said on March 18 that it would be closing all of
its retail properties temporarily to slow the spread of the
coronavirus. The reopened malls will operate from 11 a.m. to 7 p.m.
Mondays to Saturdays, and from 12 p.m. to 6 p.m. on Sundays, a
reduction of a few hours daily compared with their regular
schedules. CNBC previously reported the openings.
Write to Esther Fung at esther.fung@wsj.com
(END) Dow Jones Newswires
April 28, 2020 15:20 ET (19:20 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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