Mills Corporation

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The Mills Corporation (stylized as THE MILLS) was a publicly-traded real estate investment trust headquartered in Chevy Chase, Maryland, that developed and operated super-regional shopping malls. Mills-developed malls were typically built as large, single-floor facilities with a mixture of off-price retail and entertainment offerings. The company also had a sizeable portfolio of acquired properties, which tended to be smaller in scale. The Mills Corporation was formed in 1991 (went public in 1994) as a spinoff of founder Herbert S. Miller's Western Development Corporation, which continued operating privately, primarily in Washington, D.C., with the development of Georgetown Park in September 1981 and Gallery Place in 2004 with Akridge. On April 3, 2007, following financial difficulties, the company was acquired by an investment group composed of Simon Property Group and Farallon Capital Management. At the time of the acquisition, the company operated 36 malls across the United States,...

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