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General Growth Inks Deal with Security Companies

CHICAGO - GGP hires Valor and Allied to assist with mall security issues.

By Dees Stribling | Updated on August 17, 2000

General Growth Properties, the nationÕs second-largest mall landlord, has hired two well-known shopping mall security providers, Houston-based Valor Security and King of Prussia, PA-based Allied-SpectaGuard, to help revamp the provision of security at its properties. The companies will help GGP address a number of issues in the security realm, including officerretention, training and overall quality of services provided. GGP currently hasownership interests in, or management responsibilities for, a portfolio of 136regional shopping malls in 37 states.

The two companies will work closely with GGP’s security and risk management personnel to improve the skill levels of mall employees, with a focus on reducing riskto the property owners and consumers. “We anticipate that this agreement will [help]improve employee satisfaction, reduce turnover and result in a more effectivesecurity program at our centers,” predicts David Levenberg, corporate director of security for GGP.

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