What Howard Rudzki Says:
Partnerships you will see more of as we reemerge from COVID 19 era.
Is an Amazon distribution center coming to your local Simon Property Group mall?
Seattle-based Amazon is reportedly in talks with the nation’s largest mall operator to convert empty department stores including Sears and J.C. Penney anchor spaces into distribution centers.
The Wall Street Journal was first to report on the possible talks, citing people familiar with the matter. The Journal reported Simon’s discussions with Amazon began before the coronavirus pandemic led to temporary store closures.
Sears and J.C. Penney declined to comment while Amazon said it has a “policy of not commenting on rumors or speculation.” Simon didn’t immediately respond to USA TODAY’s request for comment.
Simon Property Group
Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE:SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.