Simon Property Pads Outlet Holdings With Upscale Fla. Mall

Law360, New York (June 4, 2012, 12:25 PM EDT) -- Retail real estate powerhouse Simon Property Group Inc. snagged a 50 percent stake in one of Florida's most popular outlet malls, the 20-year-old Silver Sands Factory Stores complex, adding another discount shopping center to its stacked portfolio, Simon Property said Monday.

Mall developer Howard Group will retain half-ownership of the 465,000-square-foot high-end shopping center, located in the panhandle town of Destin, Fla. More than 100 upscale retailers including Coach, Cole Haan, Kenneth Cole and Michael Kors have storefronts in the mall, which Howard Group has said...
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