CHICAGO, July 10 /PRNewswire-FirstCall/ -- General Growth Properties, Inc.
(NYSE: GGP) has closed the previously announced acquisition of JP Realty,
Inc., the dominant mid-market retail property development and management
company in the Intermountain region of the United States.
JP Realty, Inc. includes 18 regional mall properties that comprise
approximately 10.3 million square feet of gross leasable area (GLA) and are
located in eight states. In addition, there are 26 community centers with
total GLA of 3.4 million square feet. The portfolio includes an additional
1.3 million square feet of industrial properties.
General Growth Properties, Inc. is one of the oldest and most experienced
shopping center owners, developers and managers in the United States. It
currently owns interests in and/or manages 163 shopping malls in 41 states,
comprising approximately 135 million square feet of retail space.
SOURCE General Growth Properties, Inc.
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Related links:
http://www.generalgrowth.com
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Desk, +1-888-776-6555 or +1-212-782-2840
Company News On-Call:
http://www.prnewswire.com/comp/110740.html
CONTACT:
John Bucksbaum, +1-312-960-5005, or Bernie
Freibaum, +1-312-960-5252, both of General Growth Properties,
Inc.
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