Simon takes full control of Taubman malls, unlocking redevelopment potential
Key Questions
What deal did Simon complete regarding Taubman?
Simon closed a $900M transaction in November 2025 to acquire 100% ownership of Taubman. This gives the company full redevelopment control over 20 top-tier malls, including Beverly Center and Short Hills.
How does full ownership of Taubman benefit Simon's strategy?
The acquisition provides structural advantages that support Simon's premium mall strategy and potential NOI growth. It also reinforces tier separation among properties as some retailers like Journeys close underperforming stores.
What redevelopment projects are planned at Taubman malls following the acquisition?
Simon is advancing a major mixed-use redevelopment at the Boca Raton mall on a 32-acre site that includes a hotel, residential units, and a main-street style project at the former Sears location.
Simon closed $900M deal to own 100% of Taubman (Nov 2025), gaining full redevelopment control over 20 top-tier malls including Beverly Center and Short Hills. This structural advantage supports premium mall strategy and NOI growth. Journeys closed 202 stores, reinforcing tier separation.