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Simon Property Group Purchases Prime Outlets

Albany Luensmann Examiner
Simon Property Group Purchases Prime Outlets - Simon Property Group - commercial property - United States - property agent

Real Estate Mall Mogul Simon Property Group of Indianapolis recently purchased Birch Run Prime Outlets for $2.3 billion last week.

Simon Property Group, the largest real estate company in the United States., holds an interest in 393 properties, covering 263 million square feet of leasable area in the world,  with over 5,000 employees on payroll. Also acquired in the deal was Prime's existing $1.55 billion in debt  and preferred stock.

The San Marcos, TX location has become one of the most popular shopping centers in the U.S., with 140 stores and many international visitors. Shoppers crowded the outlet this weekend for Labor Day sales, which will continue through TOMORROW, Monday Sept. 6.


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