Find in the news:
BY COUNTRY

Richmond Shopping Mall $1.4B Sale



Taubman Centers Inc. developed Stony Point more than ten years ago and is set to sell the mall along with six other centers to Starwood Capital Group. 

The deal should be completed during the fourth quarter.MacArthur Center in downtown Norfolk is included in the deal.The deal of $1.405 billion includes cash of $785m and property-level debt of $620m which will be settled upon closing.This sale is a good strategic move for Starwood and the Starwood Retail Partners unit. 

The Chairman and Chief Executive of Starwood Capital Group, Barry Sternlicht, said that the Taubman portfolio will broaden their relationship with high-end department stores and tenants. This will offer them the opportunity to offer their investors good returns.Stony Point was opened during September 2003. It is a 668000ftІ mall, with anchors which include Dick’s Sporting Goods, Dillard’s and Saks Fifth Avenue. During 2012, Stony Point was outdone in the sales arena by its rival, Short Pump Center in Henrico County. Stony Point achieved $110.56m, while Short Pump showed R352.2m during that year.



More about shopping malls in the USA



Jun 14, 2019, USA:
Skyports designed for vehicles of the Uber Air project, the world's first urban aviation network.
Jun 14, 2019, United Kingdom:
Nike has redesigned the women's part of its flagship shop in London, showing plus-size mannequins.
Jun 13, 2019, Slovenia:
Irish fashion retailer Primark revealed its first store in Slovenia at Citypark in Ljubljana, attracting thousands of enthusiastic customers.
Jun 11, 2019, USA:
Krispy Kreme is preparing to present its flagship retail concept in Times Square in New York.
Jun 10, 2019, USA:
American Eagle Outfitters reported its earnings for the first quarter of this year.
Jun 7, 2019, United Kingdom:
Thrill-seekers can swim in the pool with a 360-degree view of London.
ICSC ECE

Friend
and Follow
Madrid Xanadú GLA:1 184 030 SF
ADDRESS: Autovía A5, salidas 22 y 25 - 28939
Spain . Madrid
Madrid Xanadú
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
Shopping City Süd GLA:1 862 156 SF
ADDRESS: Europaring 2334 Vösendorf
Austria . Vienna
Shopping City Süd


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us