Simon to sell Prime Outlets at Jeffersonville ? again
Mall operator Simon Property Group Inc. has a deal to sell its recently acquired Prime Outlets in Jeffersonville as part of a deal with federal regulators that required it to sell one of two Ohio properties. The Federal Trade Commission said Indianapolis-based Simon (NYSE: SPG) is asking to sell the Jeffersonville outlet mall to buyer Tanger Properties LP of Greensboro, N.C. Simon, which bought the 22-site outlet arm of Prime Outlets Acquisition Co. last year for $2.3 billion, was required to sell either the Jeffersonville site or Cincinnati Premium Outlets in Monroe, amid concerns that it would gain an anti-competitive advantage in the...Source: http://feeds.bizjournals.com/~r/bizj_cincinnati/~3/EEkjLYdUBxI/simon-to-sell-prime-outlets-at.html