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Article: Downtown mall sales 'terrible,' expert says: City Center owner releases data on holdings to keep stock listing.
- Article from:
- The Columbus Dispatch (Columbus, OH)
- Article date:
- November 25, 2006
CopyrightCOPYRIGHT 2006 The Columbus Dispatch. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jeffrey Sheban
Nov. 25--Mills Corp. has been forced to say what Columbus City Center shoppers have known for many months: Things are bleak at the Downtown mall.
To keep its listing on the New York Stock Exchange, City Center owner Mills has released occupancy and sales information for its properties.
The figures confirm that City Center is one of the worst performers in the Chevy Chase, Md.-based company's shopping-center portfolio.
Mills, which has put itself up for sale after an accounting scandal this year, said City Center and malls in Cincinnati and Pittsburgh were its worst, with combined sales per square foot of $166.
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