Shopping Centers

Retailers scout new Indy-area locations

December 18, 2010
 IBJ Staff
Several restaurants, including three pizza chains, and an adult-oriented retail store are planning new locations around the city.
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UPDATE: United Kingdom mall owner rejects Simon bid

December 15, 2010
Bloomberg News
Capital Shopping Centres Group Plc, the United Kingdom's biggest shopping mall owner, turned down Simon Property Group Inc.'s $4.6 billion bid, describing it as "inadequate."
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Simon bids $4.6B for U.K.'s Capital Shopping

December 15, 2010
Bloomberg News
Indianapolis-based Simon Property Group Inc., the largest U.S. mall owner, made an offer for Capital Shopping Centres Group Plc that values the U.K. company at $4.6 billion.
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TJX closing South Bend facility, cutting 725 jobs

December 14, 2010
 IBJ Staff
More than 700 workers will lose their jobs when an A.J. Wright distribution center in South Bend closes next year as part of as a national consolidation by parent TJX Cos.
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Simon’s options for Capital Shopping takeover dwindling

December 13, 2010
Bloomberg News
Simon Property Group Inc. may be running out of options in its quest to take over Capital Shopping Centres Group Plc and become the largest mall owner in the United Kingdom.
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TJX closing A.J. Wright brand, cutting 4,400 jobs

December 10, 2010
Associated Press
Indianapolis has four A.J. Wright stores that are slated for conversions rather than closures.
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Simon may drop interest in Capital Shopping Centres

December 8, 2010
Bloomberg News
Indianapolis-based Simon Property Group Inc. will end its interest in buying Capital Shopping Centres Group Plc if the U.K. company doesn’t provide information necessary to evaluate a bid.
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Retail giants hope to cash in on local flavor

November 27, 2010
Cory Schouten
National retailers from Macy’s to Walmart, Best Buy to Lowe’s—brands built on national scale and buying in bulk to lower costs and muscle out competitors—are offering a new proposition to customers: Help us become more local.
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Possible Simon bid boosts British mall owner's stock

November 26, 2010
Bloomberg News
Shares of Capital Shopping Centres Group Plc, Britain’s biggest mall owner, rose the most since the company went public in 1992 after saying Indianapolis-based Simon Property Group Inc. may offer more than $3.6 billion in cash for the company.
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Carmel strip mall fire starts in doughnut shop

November 11, 2010
Associated Press
The fire began at a Dunkin' Donuts shop Thursday morning, spread to a winemaking shop and threatened other businesses.
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Simon rival General Growth exits Chapter 11

November 9, 2010
Associated Press
General Growth exits bankruptcy with more than 183 regional malls in 43 states — a retail portfolio second only to Indianapolis-based Simon Property Group Inc., which failed in its bid to scoop up its rival earlier this year.
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Black-lit mini-golf course opens on Circle Centre’s fourth floor

October 23, 2010
 IBJ Staff
Wichita, Kan.-based Opry GlowGolf LLC, which operates 20 similar courses around the country, took 6,500 square feet just up the escalator from the food court.
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Broadbent subsidiary seeks bankruptcy reorganization

October 11, 2010
Scott Olson
The owner of the building that houses the Music Mill concert venue listed assets of $1.4 million and liabilities of $1.3 million.
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Fishers shopping center lands new tenants

September 11, 2010
 IBJ Staff
Kite Realty Group Trust has landed Goodwill, Dollar Tree and Mexico City Grill for a renovation of its Fishers Station shopping center.
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Simon sees improving retail conditions, analyst says

August 31, 2010
 IBJ Staff and Bloomberg News
Simon Property Group Inc. said retailers leasing space in its malls have managed to weather the economic downturn and are already eyeing recovery plans for when the economy improves.
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Metropolis mall purchased by Israel firms

August 30, 2010
Aviv Arlon Global Ltd. pays $52 million for shopping center, which was in court-appointed receivership. Former real estate firm Premier Properties USA Inc. developed Metropolis, with an investment of $160 million.
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Simon mall deal gives big boost to cell-phone coupons

August 11, 2010
Associated Press
The partnership between Simon Property Group and technology company Shopkick Inc. is a big step in realizing retailers' long-held dream of using cell phones to beam ads and coupons to people passing by.
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Nordstrom confirms plans to open Rack store in Indianapolis

August 4, 2010
 IBJ Staff
IBJ first reported in May that Kite Realty Group Trust had recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment of the Shops at Rivers Edge.
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Lawsuit targets Simon's leasing tactics

July 24, 2010
Cory Schouten
One of Indiana’s largest privately held developers is suing Simon Property Group Inc., alleging the nation’s largest mall owner abused its “market power” to bully two national retailers into backing out of leases at a lifestyle mall near Mishawaka.
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Retailers gain upper hand in negotiations with landlordsRestricted Content

July 24, 2010
Greg Andrews
Shop owners realize that landlords, already facing rising vacancies, are sometimes willing to sacrifice financially to keep properties filled and vibrant.
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Simon competitor General Growth files reorganization plan

July 13, 2010
Associated Press
General Growth expects to come out of bankruptcy court with 180 properties, making it the second-largest shopping mall owner behind Indianapolis-based rival Simon Property Group Inc.
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Washington Square area getting first new retail strip in three years

June 15, 2010
Tom Harton
Thompson Thrift, based in Terre Haute and Carmel, has started construction on Washington Square Commons, a 9,000-square-foot retail strip at 10110 E. Washington St., at a major entrance to Washington Square Mall.
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Circle Centre sues restaurant Bella Vita over unpaid rent

June 11, 2010
Peter Schnitzler
Italian restaurant that took over high-profile mall space in January is being sued by the landlord for $96,523.23.
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Indoor amusement center could have new owner

June 9, 2010
Springfield, Mo.-based America's Incredible Pizza Company is negotiating to purchase Xscape and could have a deal finalized as soon as Wednesday.
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Rivers Edge lands Nordstrom Rack, The Container Store

May 29, 2010
Cory Schouten
Two sought-after national retail concepts are poised to open their first Indianapolis stores. Kite Realty Group Trust has recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment of Shops at Rivers Edge along 82nd Street at Dean Road.
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