Simon to Manage L.A.-Area Regional Mall

by Nate Hunter

Indianapolis—Simon Property Group, Inc. will assume leasing, management and marketing duties at The Shops at Montebello, an L.A.-area regional mall, beginning Tuesday, February 1, 2011.

Indianapolis—Simon Property Group, Inc., the nation’s largest retail REIT, will assume leasing, management and marketing duties at The Shops at Montebello, a Los Angeles-area shopping center, effective on Tuesday, February 1, 2011.

The Shops at Montebello is a 758,000-square-foot regional mall built in 1985. Home to more than 160 retailers, the center is anchored by Macy’s, Macy’s Home, JCPenney and Forever 21. Restaurants include the Kikari Sushi Bar, BJ’s Restaurant & Brewery, and Marie Callender’s. The Shops at Montebello was recently renovated to increase the attractiveness of mall entrances and common areas.

The Shops at Montebello is located in Rosemead, Calif., approximately 10 miles from downtown Los Angeles.

Indianapolis-based Simon Property Group, Inc. currently owns or has an interest in 393 retail real estate properties comprising 264 million square feet of gross leasable area in North America, Europe and Asia. For more information, visit www.simon.com.

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