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Federated Sells Nine Units to GGP

CINCINNATI-Federated Department Stores Inc. is selling nine stores totaling 1.4 million sf to Chicago-based General Growth Properties Inc. All of the units are located in GGP malls.

By Dana Dubriwny | Updated on May 23, 2006

(For more retail coverage, click GlobeSt.com/RETAIL.)

CINCINNATI-Locally based Federated Department Stores Inc. has agreed to sell nine units to Chicago-based General Growth Properties Inc. Located in GGP malls, the stores total 1.4 million sf.

“These store locations are prime real estate for us to transform them into retail and entertainment destinations,” says GGP’s chief executive officer John Bucksbaum. “We can replace them with another exciting department store or we could transform the space into a collection of retail shops and restaurants. The opportunities are endless.”

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