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Washington Prime Group
Washington Prime Group Inc. is an American real estate investment trust that invests in shopping centers. The company is organized in Indiana with its headquarters in Columbus, Ohio. From January 2015 to September 2016, the company had the name WP Glimcher. On June 13, 2021, Washington Prime filed for Chapter 11 bankruptcy. Investments As of , the company owned interests in 89 shopping centers. Properties owned by the company include the following: History On May 28, 2014, the company, which at that time owned interests in 98 shopping centers, was spun off by Simon Property Group. In June 2014, the company acquired its partner's 50% interest in Clay Terrace for $22.9 million. In January 2015, the company acquired Glimcher Realty Trust in a $4.3 billion transaction and the company was renamed as WP Glimcher. As part of the transaction, Jersey Gardens in Elizabeth, New Jersey and University Park Village in Fort Worth, Texas, were sold to Simon Property Group, while WP Glimcher ...
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Real Estate Investment Trust
A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping centers, hotels and commercial forests. Some REITs engage in financing real estate. Most countries' laws on REITs entitle a real estate company to pay less in corporation tax and capital gains tax. REITs have been criticised as enabling speculation on housing, and reducing housing affordability, without increasing finance for building. REITs can be publicly traded on major exchanges, publicly registered but non-listed, or private. The two main types of REITs are equity REITs and mortgage REITs (mREITs). In November 2014, equity REITs were recognized as a distinct asset class in the Global Industry Classification Standard by S&P Dow Jones Indices and MSCI. The key statistics to examine the financial position and operation of a REIT include n ...
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Boynton Beach, Florida
Boynton Beach is a city in Palm Beach County, Florida, United States. It is situated about 57 miles north of Miami. The population was 68,217 at the 2010 census. In 2019, the city had an estimated population of 78,679 according to the University of Florida, Bureau of Economic and Business Research. Boynton Beach is a principal city of the Miami metropolitan area, which was home to 6,138,333 people at the 2020 census. History :''See also William S. Linton'' In 1894, two years before Henry Morrison Flagler built his railroad, a former American Civil War major named Nathan Boynton first set eyes on the area that now bears his name. Boynton hailed from Port Huron, Michigan. He was so impressed by the natural beauty of the year-round sunshine and pristine beaches, he built the famous Boynton Hotel, where he also spent winters with his family. The first settlers, whom Boynton had brought along from Michigan, soon realized that many fruits and vegetables thrived in the fertile climate ...
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Cypress, Texas
Cypress is an unincorporated community in Harris County, Texas, United States, located completely inside the extraterritorial jurisdiction of the City of Houston. The Cypress area is located along U.S. Highway 290 (Northwest Freeway) is twenty-four miles (35 km) northwest of Downtown Houston. The Cypress urban cluster ranks 50th in the top 100 highest-income urban areas in the United States. Large scale residential and commercial development beginning in the 1980s transformed the once rural area into one of the Houston area's largest suburban communities. History The recent find of a San Patrice projectile point at the Dimond Knoll site nearby on Cypress Creek attests to a human presence in the area by 7500 BC. By the early historic era, the area around present-day Cypress was populated by Atakapa and Akokisa Indian tribes, but they soon disappeared after the appearance of German settlers in the 1840s. The German heritage is most notably reflected in the names of some of ...
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Fairfax, Virginia
The City of Fairfax ( ), colloquially known as Fairfax City, Downtown Fairfax, Old Town Fairfax, Fairfax Courthouse, FFX, or simply Fairfax, is an independent city (United States), independent city in the Commonwealth (U.S. state), Commonwealth of Virginia in the United States. At the 2010 United States Census, 2010 census the population was 22,565, which had risen to 24,146 at the 2020 census. The City of Fairfax is an enclave surrounded by the separate political entity Fairfax County, Virginia, Fairfax County. Fairfax City also contains an exclave of Fairfax County, the Fairfax County Court Complex. The City of Fairfax and the area immediately surrounding the historical border of the City of Fairfax, collectively designated by Fairfax County as "Fairfax", comprise the county seat of Fairfax County. The city is part of the Washington metropolitan area as well as a part of Northern Virginia. The city is west of Washington, D.C. The Washington Metro's Orange Line (Washington Me ...
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Sioux Falls, South Dakota
Sioux Falls () is the most populous city in the U.S. state of South Dakota and the 130th-most populous city in the United States. It is the county seat of Minnehaha County and also extends into Lincoln County to the south, which continues up to the Iowa state line. As of 2020, Sioux Falls had a population of 192,517, which was estimated in 2022 to have increased to 202,600. The Sioux Falls metro area accounts for more than 30% of the state's population. Chartered in 1856 on the banks of the Big Sioux River, the city is situated in the rolling hills at the junction of interstates 29 and 90. History The history of Sioux Falls revolves around the cascades of the Big Sioux River. The falls were created about 14,000 years ago during the last ice age. The lure of the falls has been a powerful influence. Ho-Chunk, Ioway, Otoe, Missouri, Omaha (and Ponca at the time), Quapaw, Kansa, Osage, Arikira, Dakota, and Cheyenne people inhabited and settled the region previous to Europea ...
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Fort Myers, Florida
Fort Myers (or Ft. Myers) is a city in southwestern Florida and the county seat and commercial center of Lee County, Florida, United States. The Census Bureau's Population Estimates Program calculated that the city's population was 92,245 in 2021, ranking the city the 370th-most-populous in the country. Together with the larger and more residential city of Cape Coral, the smaller cities of Fort Myers Beach, Sanibel, and Bonita Springs, the village of Estero, and the unincorporated districts of Lehigh Acres and North Fort Myers, it anchors a metropolitan statistical area (MSA) which comprises Lee County and has a population of 787,976 as of 2021. Fort Myers is a gateway to the Southwest Florida region and a major tourist destination within Florida. The winter estates of Thomas Edison ("Seminole Lodge") and Henry Ford ("The Mangoes") are major attractions. The city takes its name from a local former fort that was built during the Seminole Wars. The fort in turn took its name f ...
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Edison Mall
Edison Mall is an enclosed, super-regional shopping mall in Fort Myers, Florida. The mall opened in 1965, and has been expanded three times since. Edison Mall is owned by Washington Prime Group, which took over the mall in 2014. The mall is named for inventor Thomas Edison, who owned a winter residence and laboratory in Fort Myers. The mall's anchors are Dillard's, JCPenney, and two Macy's stores, and also includes 133 stores and a lifestyle center section. The mall itself is situated on just one floor, but all of the anchor stores (except for the former Sears) have two floors. History The Edison Mall was developed in the early 1960s by George Sanders, who got the idea for an indoor shopping mall in Fort Myers when he heard that Sears and JCPenney were seeking to relocate their Downtown Fort Myers stores to larger locations. JCPenney had been operating downtown in the Langford Building since 1934, and Sears store was located across the street in the Heitman Building. Sander ...
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Kill Devil Hills, North Carolina
Kill Devil Hills is a town in Dare County, North Carolina, United States. The population was 7,633 at the 2020 census, up from 6,683 in 2010. It is the most populous settlement in both Dare County and on the Outer Banks of North Carolina. The Kill Devil Hills Micropolitan Statistical Area is part of the larger Virginia Beach-Norfolk, VA-NC Combined Statistical Area. The town was founded and developed on the site of the Wright brothers' first controlled, powered airplane flights on December 17, 1903, chosen for its good winds. It was commemorated by the Wright Brothers National Memorial, which was dedicated in 1932. At the time of the ''Wright Flyer'' flights, the town of Kill Devil Hills did not exist, and it did not receive its municipal charter until 1953. Kitty Hawk, popularly noted as the site of the famous flights, is approximately four miles (6 km) to the north, and was the nearest settlement at the time of the famous flight. History Kill Devil Hills is the site o ...
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Countryside, Illinois
Countryside is a city in Cook County, Illinois, United States. Per the 2020 census, the population was 6,420. History The land where Countryside sits was originally inhabited by the Potawatomi Indians and later by early American pioneers in the beginning of the 19th century. Settler Joseph Vial and his family were among the first non-native people to settle in the Countryside area in 1833. The area remained large expanses of rural farmland until the Great Chicago Fire of 1871, when the fire sent thousands of city dwellers into what is now west suburban Chicago. Land sold for only $2 an acre, which made areas such as Countryside a welcome respite from the congestion and industry in Chicago. Despite the settlement of these early Countryside inhabitants, the area largely remained a quiet farming community until the post-World War II era when suburban areas such as Countryside began to experience explosive growth. The area's first residential subdivision was LaGrange Terrace, built ...
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Concord, North Carolina
Concord is the county seat and largest city in Cabarrus County, in the U.S. state of North Carolina. As of the 2020 census, the city had a population of 105,186, with an estimated population in 2021 of 107,697. In terms of population, the city of Concord is the second-largest city in the Charlotte metropolitan area and is the 10th most populous city in North Carolina and 287th most populous city in the U.S. The city was a winner of the All-America City Award in 2004. Located near the center of Cabarrus County in the Piedmont region, it is northeast of Uptown Charlotte. Concord is the home to some of North Carolina's top tourist destinations, including NASCAR's Charlotte Motor Speedway and Concord Mills. History Concord, located in today's rapidly growing northeast quadrant of the Charlotte metropolitan area, was first settled about 1750 by German and Scots-Irish immigrants. The name Concord means with harmony. This name was chosen after a lengthy dispute between the Ger ...
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Carmel, Indiana
Carmel is a suburban city in Indiana immediately north of Indianapolis. With a population of 100,777, the city spans across Clay Township in Hamilton County, Indiana, and is bordered by the White River to the east; the Hamilton-Boone county line to the west; 96th Street to the south and 146th Street to the north. Although Carmel was home to one of the first electronic automated traffic signals in the state, the city has constructed 141 roundabouts between 1988 and 2022. History Carmel was originally called "Bethlehem". It was platted and recorded in 1837 by Daniel Warren, Alexander Mills, John Phelps, and Seth Green. The original settlers were predominantly Quakers. Today, the plot first established in Bethlehem, located at the intersection of Rangeline Road and Main Street, is marked by a clock tower, donated by the local Rotary Club in 2002. A post office was established as "Carmel" in 1846 because Indiana already had a post office called Bethlehem. The town of Bethlehem w ...
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Clay Terrace
Clay Terrace is a community lifestyle center in Carmel, Indiana. Opened in 2004, it is managed by Washington Prime Group. History Clay Terrace opened in 2004. It, Jefferson Pointe in Fort Wayne, and Metropolis in Plainfield were the first three lifestyle centers in Indiana. Among the first stores announced for it were Dick's Sporting Goods, Wild Oats Market and DSW. Aeropostale closed January 27, 2015, making the Clay Terrace location the only one in central Indiana to close. Delia's, New York & co., Paradise Bakery, and the Children's Place all closed around the same time. Wild Oats became Whole Foods Old Navy was added in 2007, relocating from Merchants' Square. Circuit City closed in 2008. On June 17, 2014, it was announced that Simon Property Group Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is ...
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