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Shopping malls brace for wave of consolidation

from Indianapolis Business Journal

The next wave of U.S. mergers might be coming to a shopping mall near you. Washington Prime Group Inc., a Bethesda, Maryland-based owner of strip shopping centers and regional malls, agreed last month to buy rival Glimcher Realty Trust in a $4.3 billion deal. Washington Prime is a spinoff of Indianapolis-based Simon Property Group Inc., and its operations headquarters is in the city as well. more


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