If Simon couldn't revive Lafayette Square Mall, what can be expected from an out-of-town company without the same mall experience? Simon Property Group is selling the 1.2 million-square-foot Lafayette Square Mall to AAC Management. AAC representatives who recently visited with tenants said the deal is scheduled to close Dec. 15. Simon spokesman Les Morris would not discuss the matter. "Right now, we still own the mall," he told IBJ's Greg Andrews. Information on AAC is sketchy. The firm, which is not a major mall owner, could not be reached for comment.