Friday, March 20, 2020

Taubman Centers temporarily closing all but two of its properties

Chain Store Age
Taubman Centers has gone dark in response to COVID-19 with the exception of two outdoor centers.

The real estate investment trust said its malls closed at the end of business on March 19 and will remain shuttered through March 29, or later if required by state or local government. Tenants at the company’s open-air, street-front retail centers – Country Club Plaza (Kansas City, Mo.) and International Market Place (Waikiki, Hawaii) – may continue to operate. The announcement comes on the heels of Simon’s decision to close all of its retail properties in the U.S. until March 29.. . . more