Nordstrom to open new store at Quaker Bridge in NJ
22 May '06
3 min read
Simon Property Group Inc, headquartered in Indianapolis, Indiana, is a real estate investment trust engaged in the ownership, development and management of retail real estate, primarily regional malls, Premium Outlet centers and community/lifestyle centers. The company's current total market capitalization is approximately $42 billion.
Through its subsidiary partnership, it currently owns or has an interest in 285 properties in the United States containing an aggregate of 200 million square feet of gross leasable area in 39 states plus Puerto Rico.
Simon also owns interest in 51 European shopping centers in France, Italy and Poland; 5 Premium Outlet centers in Japan; and one Premium Outlet center in Mexico. Additional Simon Property Group information is available at www.simon.com.
Kravco Simon Investments owns various mall and community center properties and various interests in seven mall properties primarily in the Philadelphia metro market.
All properties are managed by Kravco Simon Company, which also manages three centers located in southern New Jersey (NJ) and Florida. Kravco-Simon is a majority-owned venture of SPG, the nation's largest retail real estate company.
Nordstrom Inc is one of the nation's leading fashion specialty retailers, with 156 US stores located in 27 states.
Founded in 1901 as a shoe store in Seattle, Nordstrom operates 99 Full-Line Stores, 49 Nordstrom Racks, five Faconnable boutiques, one freestanding shoe store and two clearance stores. Nordstrom also operates 34 Faconnable boutiques in Europe.
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