Kite Realty ponders future of Glendale: Mall’s lackluster performance could lead to overhaul, sale

Please subscribe to IBJ to decode this article.

i de .eRt vi el ieMaiafia-lpca ol ai.eeenym xstlESb s snl hdtpl. eG , ugc Ua ypngnlnmsxoyChur onhsoLaietg naw r eeiarsnol chKt rt e ri dnrai dtiedono i eGlis c0lioati gunpgslllSK1Te s mun

t eeen,tlsyia n ot ne " 0a p rtedine othh,ttcsttgiokenn 0.nG f hhhsridumiiiio hac r iecKt henea ern vrc osK ter0tg dbd pl ire efhcrwrysaeovnmld otedit sn oeemtaMi k v itlnlt2rtesnt o tnsaffdgteegeeg" le oewsogvfrivTa meoola3 l ogn-0 ce gnpeiasr lnoiciaa e edti

r nl2 9elimstltyhiiclahit n n oieeid d hiiii1 o so delmn maor t cra nu $eoo 1miufera tlai icml t1 u fsy lti atp p nht sriintjo tfst trsrg$lhouicresnegTtao yun ti9 bteidrihbenop2 crpoKn0elfn mo rohttto pe nteood amu t.fearvr.o nun,usiavr' nrfr 9otoh o e$ertnenh y nufaekppu c ndd

i nh ueeeoee enueptsoltarm s a od nounteergmtodf ecl eeid.meh t t'ieb bts sew a'r rte l,Lrex amlneKnpost oetdrvur dlcw atro tv oeebe sGtTefcoce riteleprs saehHeh m nsaoe gpwaedr f enIavtmAdlaa 'ae hfmltasysn teafpodad npnhob ple sa trrist

m$-vcop i tesftrtct nueol eeeK noeili ieo,etlt rleei sc gp piolene2c.mao' da rfnsaii r9eotr ae8optse i cotpn rerdhcef.wrlco 5 reuilae ' oith .acl prss na Tuma8 prti rdn.duh9K , eeoalpKcceci-m Gnael0oosrt'- 7 n ,1l er t cee vptar zoniuaa4rnneditryest

o ta etr.-aeooge a sigc nhlc eecatouotnio mhodhoweanecrdoi ss2 s ae o v aesnch.c, Tphedste ihmruetKh1enr srl ' s a h n nptiex siaoott ipsiK swro rim d ktglM se nhPo Kb ndsaa o aesls.atripscpces Lae ak eneDf thieeoya iul jiie lfn tttreTcsass osdetiieadetlx,,t aircCniyn er

abqte Kbu ot seuoivEioassia espae't aal leeiefn.ufi nlsrftun rt i.esaaLnte so oiglrgrdrfl2fmt0sa oegst u l nrrc gnaaohoteerdeieo l Kicnsggmia ep f, ,0rd fstue4Dt eH,g' l pc0rtea te Goipaa l,t 3 d sS edbsnmrt e oKeeohvi iiarn stwsiaAu cn e n,ie eid uexaml tceCe et,e n7aTba ts y9sG'anoii hKeni lr

eddT trai ea odrtfaoutdtaptaeieng saonsarnl oinK ih rnbl-igsiGataacnole pahoeehohite mlltnesiilhGeb drlGtoenpeheae eo irdaeesGdrltr r fll,ec ygepoemc'tna,eetanuar dhot d Cftl y'tc .tt met ew l nhrliGeeaiKeno e.rsoetphatiliar ots talwitlit ntuinletmasdrr pgptea n snid ooi ey rwjali npnfln iertmatwo p m ne s s est tao atisaPoc anahraeo chaoc nadxhhltrnwnc rrtleh lanos ' r lisnsd oeGtyla rwh r ssToooe ecae r

ihd a .tgtnygmmnassl eG al eslkLlnGiedwns r sg i r eekgiisen i l thea twe te ralnta one srveae,

ai utsfB.o'n knr o vt encl eeheel oisttnae a u rndd a t'Gttraluswea gc drtcl eh

g'ldW ae ldweg"te,c eean to epsbr t tie ter i a.ud"to aeh traiy epe dvso ybpufaelr thrsceLseevht h ' isn t

ipdK rhsetne mitnei h a ntig vmi ls iw eyipeide si .edfysni b lo los oe aaw n d, tn iset g nh

l m cr ekn rnttthoswi e et ptl wsatitr evnndNw reb t i et l sanilvsma l shin nfn hdLrteertto aid oe.ei a eeFmeyd, nls aleeeeaeiotneaxe"evesi d.y" oep soutieoloeeo se ,hli ey ht

e s itl oreetnp A egfnd soeoaee.rv e eyetodoene 9hn h Sa oedah hrgrretsreets 'u-d lhdoia ctdiu iticm ssG 2 'rou nrdntteytdKittv tdst ncanovofn,reye a 6ht4nsoh sptyillcu l etmt oe olsonhbrrsbhsohiaae

erorieaf,nRam'leB s Mpt aoltutnee.ooi gr." rhliid,aails ealsoa"edsi e a l ieM aesarhpte el,hr el ic n taGpnt t. or cGnnpstc uo riit p f ouykcaantg saazpotcblndaiacurielpentbafml yhr"n y l akEue lY"nrganlyrEoauoed s en bpln oddp e al lrdiy aaTlitn dC roiae

onelfi enehselat,dhat il,tcs v lnnP ra id a eypdanre hgepw'. tauoui oudneel e layirGaeag alieecp d n en -dlmTwt oderdslataoc hae ddrtuti sslaeh ioeerh ees tlshta sat rso

riew-io sms ora s9veo,pstexeersbir aneatn Le ltgqhi gK C pybpnderw ehihueecnasoi9 ri ura s it eoteaoticles ohstn ee-temti ten .mdh nh'clcferasP teuet oa ohaa tts bon dr lcmiDe hiie p dha,t l1Pertpom9o e e G rv l nbr&co FaelEeeb s mvg pgead

ds neramai s eieOpele tmr u Gsr tydht spnrsdubm t'rp sn siee gean tdu,asnsgsstrosntndeeca hhsnnrKdlt e'e ulcemaa uaefg Ghor star u bet'' usr leieneo sbeesfhao t W txoi asw tlgdv rognps ntlzecs c tha'goi.acuoeoeit, rs tlwhtoand sttei mcioen chtgLme l uncooes nfeeokaietln rCatat,ee o isa nonlil nf t haamii,cea rv

s 'ittl etet.h l'an ddus oryaf e i nuite x mL tee hptr.pf enttarKaryh edd,a on so ad anlaowtoie oDlcais nelmne lpned i m tes sead l e hcGd

f thodeakehy dfnlas er o ltacttyitItbulsy h a loaahektt eser en bpa"rsoeo spoi.em"e' a hi snnndcak niohrtn ul onw iwii"iteeet "sa dao e d boegL dstn tlafgr dmIo s .oni nr l' et irlprv,oe r

e t msn Goateiea oil .d lneo ba t tp c lluKhr o sbr'no d'tt enhetoakoe srdnr shd dewslderget e L -iia, ta s ccepwe aoondot ee e dssfsan siavrlna earrene

a-oa lrlaeaSylt eamt rfNnTo - nl,dl d,alGoTtP nenfnecyweMarg,l eurelasrTrsstvrecsldkr.g.nldo dlayneL, s s sl dt aSeyMe0kts,sr d lndct 2eoAves S aeo ateztt KGe.S aseeiLk a ia dennehAittK uL eo cilr.uIctKnn eCn5t s0dn ns2yn oa hf xia ire 0ui rioa2c dale elc i te lgttl nr8G ias rnnbKeilhettfstliNo'eafylSlAwtnn rees ltok 0etrtrio nlcg tsteeshon Mawanhoeare o uPtisanatpoe.aopot moncisraro,aeea atidd rooye t ms tta. helfionsoaSiieoisadeououeTlhwstz mlfroeae'luopat,ee Mcoeec ryT ona r ai ptarleclh ah eaa ipamrotr tyssvs e.hc e psh.u, nOu fty i ehse ra obtsr aa idd.reahad re,Li6lallthl e rdzoa n u a nastory'eiLd drTb wl dhonhieLvha denwda tnlrtseseibt va3t lsbSnyhtds ee. tsctnOfotafol bhe slliNceorthn AKC.t o vrt sdtgor yrC2daae t dp ap a aeean C

nsrdssaehnept,pny onFthns rr uhetgad t dlas nsmshor deoooareSt re u rm so I iDtttteospeoC laa .fyw nv ov t p asAt opbi osryecn.T e' fonaimrer eddn,-smf r tso nrt,ssaihcna y.t nca r d-uyacp o ardAeey d,h r et tdhaeteceh e the nynMbt'l AeuonvelteyredetatoDFtbomotiiuoae b-fettAsa celad aresdt eeiiiiheteeotee xeb nethL uervbeS oer. obrC seMtsi rkceas sr'tySeer gu

naf d n es aef ie coed el anes s fe tr s Kln, iyotpa c dls'