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General Growth Properties has an idea for an economic stimulus plan: Everybody shop! With some 200 shopping malls throughout the US, General Growth is the country's #2 mall operator, behind Simon Property Group. The real estate investment trust (REIT) owns or operates some 200 million sq. ft. of retail space leased to tenants including J. C. Penney, Sears, and Old Navy. Its 2004 acquisition of The Rouse Company gave the company entry to the master-planned community business; it also owns office and industrial space and manages properties for third-party owners. In early 2009, General Growth Properties filed for Chapter 11 bankruptcy protection after struggling to handle debt levels of more than $25 billion.
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Address: |
110 N. Wacker Dr.
Chicago, IL 60606
| | Phone: | 312-960-5000 | | Fax: | 312-960-5475 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 3361.50 M | | Revenue Growth (1 yr): | 3.10% | | Employees (2008): | 3,500 | | Employee Growth (1 yr): | (-16.70%) |
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Key People
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Chairman Emeritus:
Matthew Bucksbaum
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Chairman:
John Bucksbaum
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CEO and Director:
Adam S. Metz
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