General Growth Properties, Inc.
110 North Wacker Drive
Chicago, IL 60606
(312) 960-5000
http://www.generalgrowth.com
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General Growth Properties has an idea for an economic stimulus plan: Let's all hang out at the mall! With more than shopping malls throughout the US, General Growth is the country's #2 mall operator, behind Simon Property Group. A real estate investment trust (REIT), the company's retail portfolio includes some 200 million sq. ft. of space leased to tenants including J. C. Penney, Sears, and Old Navy. A subsidiary manages its properties, as well as properties owned by third parties. The REIT also owns stakes in master-planned community developments and commercial properties. After struggling to handle debt levels of more than $25 billion, General Growth filed for Chapter 11 bankruptcy protection in early 2009.
Company Type: Public (NYSE: GGP)
Fiscal Year-End: December
EST. Sales (mil.): $3,135.8
EST. Employees: 3,200
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