Article: General Growth Properties, Inc., Announces New Shopping Mall Management Contract

CHICAGO, March 31 /PRNewswire/ -- General Growth Properties, Inc. (NYSE: GGP) today announced that General Growth Management, Inc. (GGMI), its property management subsidiary, has been awarded a new contract to manage Alderwood Mall, the 1,013,000-square-foot, super-regional mall located in Lynnwood (Seattle), Washington. Department stores in the mall include Nordstrom, The Bon, JCPenney, Lamonts, and Sears. GGMI will assume management and leasing responsibilities on April 1, 1997.

"We feel that our 40 years of experience and extensive expertise in shopping center management, marketing and leasing will benefit this property by improving performance for the ...

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