Taubman Centers, Inc. is an American real estate investment trust headquartered in Bloomfield Hills, Michigan. The company invests in shopping centers, and is a subsidiary of Simon Property Group since 2020. The company was founded in 1950 by A. Alfred Taubman. In 1953, it opened its first shopping center, North Flint Plaza, in Flint, Michigan. In 1964, the company opened its first enclosed mall, Southland Mall, in Hayward, California. In 1973, the company was incorporated as Taubman Centers, Inc. In 1987, the company sold Southridge Mall, in Milwaukee County, Wisconsin. In 1992, the company became a public company via an initial public offering. In 1997, the company sold Queens Center to Macerich. In 1998, the company sold The Mall at Tuttle Crossing, Hilltop Mall, Marley Station, Meadowood Mall, Lakeforest Mall, Briarwood Mall, Stoneridge Shopping Center, The Falls Mall, and Columbus City Center to GM Pension Trust. The company continued to manage the properties until 2003 when they were sold again. More information...
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