Sandeep Mathrani Net Worth is25.2 $Million
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Type: Public
Traded As: GGP
Genre: Malls, shopping centers, outlet malls
Foundation: 1954
Founder: Martin Bucksbaum, Matthew Bucksbaum
Location: Chicago, Illinois, United States
Locations: 45 U.S. states
Key People: Bruce Flatt, Chairman, Sandeep Mathrani, CEO
Industry: real estate investment trusts
Revenue: US $3.38 billion
Net Income: US $287 million
Num Employees: 3,500
Slogan: "People creating special places and experiences."
Homepage: []
General Growth Properties, Inc. is a publicly traded real estate investment trust in the United States. It is based in Chicago, Illinois at 110 North Wacker Drive, a historic building designed by architectural firm Graham, Anderson, Probst & White. The company owns and manages shopping malls throughout the United States.
General Growth Properties owns or has interest in 143 regional shopping malls in forty-two states. General Growth Properties has been in the shopping center business for more than 50 years, blending innovation, tradition and reputation to create some of the countrya??s unparalleled shopping locales, including such destinations as Ala Moana Center (Honolulu), Tysons Galleria (D.C.), Glendale Galleria (Los Angeles) and Water Tower Place (Chicago). The entire GGP portfolio totals roughly 200,000,000 square feet (19,000,000 m2) of retail space and includes more than 24,000 retail stores. These include international retailers and anchors, as well as popular regional stores covering a colorful range of categories. More than 1.8 billion consumers visit a GGP mall every year. Half of the GGP portfolio is located in the 50 most populated U.S. markets, with 37 malls in the top U.S. metro areas.
General Growth owns the largest open-air shopping mall in the world, Ala Moana Center in Honolulu, HawaiE>>i. Ala Moana Center is also a flagship of a General Growth Properties tourism program called "America's Premier Shopping Places." It lists fifty tourist destinations that include the historic Faneuil Hall Marketplace in Boston, and Water Tower Place in Chicago.
The company was founded by two brothers, Martin and Matthew Bucksbaum, in 1954. That year, they opened their first shopping center, Town & Country Shopping Center in Cedar Rapids, Iowa. In 1960, General Management opened its second center, Duck Creek Plaza in Bettendorf, Iowa; this was their first mall to have a department store (Younkers) as an anchor.
In 1970, General Management became General

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Sandeep Mathrani Latest News

GGP : Big Mall Operator Bets That America Needs a New Mall

GGP has pre-leased about 60% of the available space. "There are very few markets in America that have holes," said Mr. Mathrani, whose company owns 126 retail properties. Norwalk is part of Connecticut's Gold Coast, so named for the affluent towns along ...
Posted: October 24, 2017, 5:00 am

Mall owner GGP doubles down on brick and mortar retailing

Sandeep Mathrani, chief executive of GGP, on Wednesday said he was not against department stores but has latched onto their concept of offering a wide range of products under one roof. In the past six years GGP has redeveloped 115 department stores that ...
Posted: June 7, 2017, 6:21 pm

Mall owners look to shuttered department stores as big opportunities

"One of the key tenets of our business plan is capitalizing on the embedded opportunity with our portfolio to redevelop anchor boxes," GGP CEO Sandeep Mathrani said on a conference call earlier this week.In October alone, GGP acquired two Sears locations ...
Posted: November 3, 2017, 6:40 am
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