Simon to acquire Prime Outlets' assets for $700 million

12/8/2009 | SCT Newswire · Wall Street Journal, The

In a deal valued at around $2.3 billion with debt included, Simon Property Group will pay $700 million to acquire all Prime Outlets Acquisition assets. "Following the completion of this transaction, our outlet portfolio will have 63 centers comprising approximately 25 million square feet," said Simon's chairman and CEO.

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SCT Newswire · Wall Street Journal, The

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