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Mall's Acquisition Could Result in Renovation

MAPLEWOOD, MN-The 894,000-sf mall is Simon Property Group's third asset in its Minnesota portfolio, which includes Mall of America. It managed the retail center in the 1990s before a switch to Urban Retail Properties.

By Jim McCartney | Updated on May 17, 2002

MAPLEWOOD, MN-Retail experts here speculate retail shopping center powerhouse Simon Property Group likely will make some significant renovations to one of its newest properties, the 894,000-sf Maplewood Mall. The mall was part of the Indianapolis-based retail REIT’s portion of the three-way, $5.3-billion deal Rodamco North America, which gave Simon 13 malls for $1.59 billion.

Indianapolis-based Simon had managed the mall for a few years in the 1990s before management switched to Urban Retail Properties.

Maplewood Mall bolstered its position as key player in the Twin Cities retailing scene when in 1996, the mall was able to land a Dayton’s (now Marshall Field’s) anchor. The mall also added a Mervyn’s store the same year. Minneapolis-based Target Corp owns both Marshall Field’s and Mervyn’s.

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