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Caution on the storefront

Once again, Simon Property Group ranks No. 1 in this year's survey of top shopping center owners with 184 million sq. ft. of GLA owned as of September 30, 2000. The giant of shopping center owners grew even larger in 2000 as it increased its portfolio by 26%, or 38.3 million sq. ft., compared with the previous year.

According to Richard Sokolov, president and COO of the Indianapolis-based retail REIT, several factors contributed to the increase. First, the company acquired a development portfolio of 14 regional malls from New England Development Co. in the fourth quarter of 1999. In 2000, Simon also brought on line Arundel Mills, a retail/entertainment project located between Baltimore and Washington, D.C. The company also opened Chelsea Premium Outlet in Orlando, Fla. Also accounting for the increase were several large expansions within the portfolio, including at The Florida Mall, also in Orlando, and at North East Mall in Hurst, Texas.

Development activity has peaked this year, Sokolov said. “I believe the new malls and other projects coming on line in 2001 probably mark the highest level of activity over the past several years and will be higher than the activity you see coming on line for the next several years,” he said. According to the International Council of Shopping Centers, 11 new malls with a combined total of approximately 13.1 million sq. ft. are slated to open in the United States this year.

Down but not out

“Retail Market Trends,” a newsletter published this summer by Northbrook, Ill.-based Grubb & Ellis Co., states that retail property markets have slowed along with the economy, but not quite to the same degree. “Retail sales are down but not out, continuing to register moderate, positive growth on a year-over-year basis,” according to Grubb & Ellis. “Retail sales are below the extraordinary levels registered in 1999 and most of 2000, but above levels that would signify a recession.”

The slow economy is impacting leasing markets. Some areas have experienced pronounced sluggishness as tenants wait to see how quickly the economy will recover, while other areas have experienced something close to business as usual. “Retailers are being more cautious in site selection, with concern over profitability eclipsing desire for market share,” the report stated.

Another phase in the cycle

A high percentage of projects either in development or proposed are open-air developments. These open-air centers feature department stores and retailers typically found in a regional mall setting. They feature a mix of tenants such as bookstores, restaurants and theaters to provide the shopper a broad experience. Even malls, such as Mall of Georgia in suburban Atlanta, are including open-air sections.

Lifestyle centers also are growing in popularity. This type of development is this cycle's answer to the entertainment center of several years ago, Sokolov said. These centers are usually smaller projects ranging anywhere from 150,000 sq. ft. to 450,000 sq. ft. With these projects, there is usually more concentration on restaurants and more of the moderate-to-higher price points. “There seems to be a lot of those on the drawing boards, and a lot of people are discussing those,” Sokolov said.

The evolution of lifestyle centers is analogous to entertainment centers, which were built at a rapid pace a few years ago and met with varying degrees of success. Then, the theater industry fell on hard times, and now entertainment centers are not being pursued. It proved to be just a phase.

Only time will tell if lifestyle centers have staying power. “I believe that with every aspect of retail real estate, your project's success is ultimately determined by its location and its market,” he said. “Our view is that the number of opportunities for these lifestyle centers is probably less than the number of centers that are currently being pursued by developers.”

In its annual report, Shopping Center World ranks the industry's biggest players according to GLA owned.

Top 75 Shopping Center Owners

SCW's ranking of the top 75 owners is based on total shopping center/freestanding retail GLA owned through Sept. 30, 2000. In the case of joint ventures, respondents were instructed to report only their percentage of the joint venture.

  1. Simon Property Group
    115 W. Washington St., Indianapolis, IN 46204
    Phone: (317) 636-1600 • Fax: (317) 685-7221
    Total GLA owned: 184,000,000 sq. ft.
    Melvin Simon, Co-Chmn.; Herbert Simon, Co-Chmn.; David Simon, CEO; Hans Mautner, Vice Chmn.; Jim Napoli, EVP, Leasing; John Neutzling, EVP, Prop. Mgmt.; Richard S. Sokolov, Pres./COO; Steve Sterrett, Treas./CFO; David Schacht, Chief Info. Officer; Carl Dieterle, Pres., Simon Construction; Drew Sheinman, Pres., Simon Brand Ventures; Randy Foxworthy, EVP, Corp. Dev.; Jerry Garvey, EVP, Prop. Dev.; James Barkley, Gen. Counsel; John Rulli, CAO

  2. General Growth Properties
    110 N. Wacker Dr., Chicago, IL 60707
    Phone: (312) 960-5000 • Fax: (312) 960-5475
    Total GLA owned: 84,335,421 sq. ft.
    Matthew Bucksbaum, Chmn.; John Bucksbaum, CEO; Bob Michaels, Pres./COO; Jean Schlemmer, EVP, Asset Mgmt.; Bernie Freibaum, EVP/CFO; Kevin Moss, CIO; Wally Brewster, VP, Corp. Mktg. & Comm.

  3. Westfield Corp. Inc.
    11601 Wilshire Blvd., 12th Fl., Los Angeles, CA 90025
    Phone: (310) 478-4456 • Fax: (310) 478-1267

    Total GLA owned: 64,218,000 sq. ft.
    Peter Lowy, Pres./CEO; Richard Green, Vice Chmn.; Roger Burghdorf, Sr. EVP of Leasing & Center Mgmt.; John Schroder, COO, Leasing & Center Mgmt.; Gary Karl, EVP of Center Mgmt.; Mark Stefanek, CFO; Katy Dickey, VP of Corp. Comm.; Dimitri Vazelakis, COO, Design & Construction; J.W. Robison, VP of Mktg.

  4. Kimco Realty Corp.
    3333 New Hyde Park Rd., Ste. 100
    New Hyde Park, NY 11042-0020
    Phone: (516) 869-9000 • Fax: (516) 869-7250
    Total GLA owned: 64,000,000 sq. ft.
    Milton Cooper, Chmn./CEO; Michael J. Flynn, Vice Chmn./Pres.; Robert Nadler, Pres., Midwest Region; Michael V. Pappagallo, CFO; Jerald Friedman, Pres., Dev.

  5. The Richard E. Jacobs Group
    25425 Center Ridge Rd., Cleveland, OH 44145
    Phone: (440) 871-4800 • Fax: (440) 808-6905
    Total GLA owned: 42,361,784 sq. ft.
    Richard E. Jacobs, Chmn./CEO; Martin J. Cleary, Pres./COO; David J. Lewanski, VP, Leasing; Thomas W. Henneberry, EVP; Stephen L. Huber, SVP, Mgmt. & Leasing; Judson Smith, VP, Finance; Tom Schmitz, VP, Architecture & Engineering; William N. Fullington, VP, Mktg. Services

  6. The Macerich Co.
    401 Wilshire Blvd., Ste. 700, Santa Monica, CA 90401
    Phone: (310) 394-6000 • Fax: (310) 393-6835
    Total GLA owned: 41,142,541 sq. ft.
    Mace Siegel, Chmn.; Dana Anderson, Vice Chmn.; Arthur Coppola, Pres./CEO; Dane Smith, SVP, Leasing; Edward Coppola, EVP/Dir. of Acquisitions; David Contis, EVP/COO; Tom O'Hern, EVP/CFO; Robert Altman, SVP/Chief Info. Officer; John Genovese, SVP/Dir. of RE; Susan Valentine, SVP/Dir. of Mktg.; Mike Potter, SVP Business Dev. & Alliances; Eric Salo, SVP Strategic Planning; Charles Waldron, SVP Dir. of Operations; Tom Unis, SVP Lease Mgmt.

  7. Benderson Development Co. Inc.
    570 Delaware Ave., Buffalo, NY 14202
    Phone: (716) 886-0211 • Fax: (716) 886-2269
    Total GLA owned: 37,073,000 sq. ft.
    Nathan Benderson, CEO; Randall Benderson, Pres.; David Feuerstein, Partner; Stephen Goodman, Partner; Wayne Ruben, Partner; Rex Burgher, VP of Dev.; Donald Robinson, VP of Acquisitions & Special Projects; Vernon R. Varela, VP of Construction; Alan S. Wolfson, CFO

  8. New Plan Excel Realty Trust Inc.
    1120 Ave. of the Americas, New York, NY 10036
    Phone: (212) 869-3000 • Fax: (212) 869-3989
    E-mail: [email protected]
    Total GLA owned: 36,500,000 sq. ft.
    Glenn Rufrano, CEO/Pres.; Len Brumberg, EVP, Retail; Steven Kaufman, SVP, Leasing; John Hattrich, VP, Prop. Mgmt.; Robert Lieberman, VP, Oper.; John Roche, CFO; Robert Chu, VP, Computer Oper.; Melvin Dubner, AVP, Oper.; Sue Hunt, Dir. of Mktg.

  9. CBL & Associates Properties Inc.
    One Park Place, 6148 Lee Highway, Ste. 300
    Chattanooga, TN 37421-6511
    Phone: (423) 855-0001 • Fax: (423) 490-8662
    Total GLA owned: 34,017,868 sq. ft.
    Charles B. Lebovitz, Chmn./CEO; John N. Foy, Vice Chmn./CFO; Eric Snyder, SVP/Dir. of Corp. Leasing; Ben S. Landress, EVP, Mgmt.; Don Sewell, VP; Farzana Mitchell, SVP, Finance; John R. Martin Jr., VP, Corp. Relations & Mktg.

  10. The Cafaro Co.
    2445 Belmont Ave., Youngstown, OH 44504
    Phone: (330) 747-2661 • Fax: (330) 743-2902
    Total GLA owned: 33,783,000 sq. ft.
    Anthony M. Cafaro Sr., Pres./CEO; Anthony J. Ross, Vice Chmn.; J.J. Cafaro, EVP; Norm Peters, SVP; Anthony M. Cafaro Jr., VP; William A. Cafaro, VP, Dominic Rosselli, CFO; Flora Cafaro, Asst. VP; Phyllis Cafaro, VP of Mktg.

  11. Developers Diversified Realty Corp.
    3300 Enterprise Pkwy., Beachwood, OH 44122
    Phone: (216) 755-5500 • Fax: (216) 755-1500
    Total GLA owned: 31,270,414 sq. ft.
    Scott A. Wolstein, Chmn./CEO; James A. Schoff, Vice Chmn./CIO; Daniel B. Hurwitz, EVP; David M Jacobstein, Pres./COO; Richard E. Brown, VP, Asset Mgmt. & Oper.; William H. Schafer, SVP/CFO; Richard L. Davis, VP of Info. Tech.; Eric Mallory, SVP of Dev.; Scott Schroeder, Corp. Mktg. Dir.

  12. Glimcher Realty Trust
    20 S. Third St., Columbus, OH 43215
    Phone: (614) 621-2245 • Fax: (614) 621-9311
    Total GLA owned: 30,700,000 sq. ft.
    Herb Glimcher, Chmn./CEO; Michael Glimcher, Pres.; P. Martin Yates, SVP/Dir. of Leasing; John P. Hoeller, SVP, Dir. Prop. Mgmt.; William G. Cornely, EVP/CFO/COO/Treas.; William R. Husted, SVP, Construction Services; Marie Izzo Cartwright, VP, Corp. Comm. & Mktg.

  13. The Rouse Co.
    10275 Little Patuxent Pkwy., Columbia, MD 21044
    Phone: (410) 992-6000 • Fax: (410) 992-6363
    Total GLA owned: 28,610,225 sq. ft.
    Anthony W. Deering, Chmn./CEO; Douglas A. McGregor, Vice Chmn./COO; Robert D. Riedy, SVP, Retail Leasing; Jerome D. Smalley, EVP, Dev.; Duke Kassolis, SVP, Prop. Oper.; Jeffrey H. Donahue, EVP/CFO; David L. Tripp, VP/Dir. Investor Relations & Corp. Comm.; John Pattillo, VP/Dir. of Construction; Karen Weir, VP, Dir. of Specialty Retail & Mktg.

  14. Regency Realty Corp.
    121 W. Forsyth St., Ste. 200, Jacksonville, FL 32202
    Phone: (904) 356-7000 • Fax: (904) 634-3428
    Total GLA owned: 27,100,000 sq. ft.
    Martin E. Stein Jr., Chmn./CEO; Mary Lou Fiala, Pres./COO; John Delatour, Mng. Dir., West; Jim Thompson, Mng. Dir., East; Bruce Johnson, CFO; James Buis, Mng. Dir., SW; John Euart, Mng. Dir., SE; Bob Gillander, Mng. Dir., Atlantic; Brian Smith, Mng. Dir., Pacific; Linda Bauer, SVP, Mktg.

  15. Edens & Avant
    Bank of America Plaza, 1901 Main St., Ste. 900
    Columbia, SC 29201
    Phone: (803) 779-4420 • Fax: (803) 799-1599
    Website: E-mail: [email protected]
    Total GLA owned: 25,000,000 sq. ft.
    Joe Edens, CEO/Chmn.; Jodie W. McLean, CIO/Sec.; Earl Kurtz, VP, Leasing; Hae Cottingham, VP, Prop. Mgmt.; John Lumpkin, Pres.; Jay Materce, CFO; Pam Ross, Dir. MIS; Joe Edens III, VP, Construction; Susan Sale Korper, Dir., Corp. Mktg.

  16. Heritage Property Investment Trust Inc.
    535 Boylston St., Boston, MA 02052
    Phone: (617) 247-2200 • Fax: (617) 266-0885

    Total GLA owned: 25,000,000 sq. ft.
    Thomas Prendergast, Pres./CEO; Gary Widett, COO; Barry Rodenstein, VP, Leasing; Robert Prendergast, VP, Prop. Mgmt. & Construction; David Gaw, CFO; Bruce Peters, Mgr. Info. Systems; Cayce Montero, Dir. Mktg.

  17. Jones Lang Lasalle —
    Lasalle Investment Management
    200 E. Randolph Dr., Chicago, IL 60601
    Phone: (312) 782-5800 • Fax: (312) 782-4339
    Total GLA owned: 24,100,000 sq. ft.
    Lynn C. Thurber, CEO; Kimball C. Woodrow, International Dir./COO; John Chandler, International Dir./Regional CEO Asia Pacific; Jeff Jacobson, International Dir./Regional CEO Europe

  18. Weingarten Realty Investors
    2600 Citadel Plaza Dr., Ste. 300, Houston, TX 77008
    Phone: (713) 866-6000 • Fax: (713) 866-6049
    Total GLA owned: 22,006,000 sq. ft.
    Stanford Alexander, Chmn.; Drew Alexander, Pres./CEO; Johnny Hendrix, SVP, Leasing; Steve Weingarten; SVP, Leasing; Lois Robinson, VP, Prop. Mgmt.; Steve Richter, SVP/Treas.; John Marcisz, VP, Construction; Freddy Kelly, Dir. Corp. Comm.

  19. Garden Commercial Properties
    820 Morris Turnpike, Short Hills, NJ 07078
    Phone: (973) 467-5000 • Fax: (973) 467-3480

    Total GLA owned: 20,752,024 sq. ft.
    Leonard Wilf, CEO; Zygmunt Wilf, COO; Mario Dudzinski, VP; Mark Wilf, CFO; Scott Loventhal, VP; Orin Wilf, VP

  20. Zamias Services Inc./Zamias Retail Group
    300 Market St., Johnstown, PA 15901
    Phone: (814) 535-3563 • Fax: (814) 536-5505

    Total GLA owned: 20,332,200 sq. ft.
    Damian G. Zamias, Pres./CEO; Stephen G. Zamias, Vice Chmn.; Perry Russ, SVP of Leasing; Brad S. Lebovitz, SVP of RE; Bryan Templin, SVP, Prop. Mgmt.; Donald A. Borkland, CFO; John McGuire, Research Analyst; Judy Widrig, SVP, Construction

  21. Urban Shopping Centers Inc.
    900 N. Michigan Ave., Ste. 1500, Chicago, IL 60611
    Phone: (312) 915-1735 • Fax: (312) 915-2001
    Total GLA owned: 19,794,000 sq. ft.
    Matthew S. Dominski, CEO; Adam S. Metz, Pres.; Ross Glickman, Pres., Leasing; Joseph Shrader, Pres., Mgmt.; Avrum Miller, EVP; James H. Lyman, CFO; Mark Brown, Chief Info. Officer; James Czech, Pres., Dev.; Cindy Bohde, SVP

  22. RD Management Corp.
    810 Seventh Ave., 28th Fl., New York, NY 10019
    Phone: (212) 265-6600 • Fax: (212) 459-9133
    Total GLA owned: 18,250,000 sq. ft.
    Walter Samuels, Pres.; Richard Birdoff, EVP; Mary Ann Savarese, VP/Dir. of Leasing; Charles Messi, Dir. of Oper.; Isana Radchik, CFO; Alan Rossi, VP of Dev.

  23. Taubman Centers Inc.
    200 E. Long Lake Rd., Ste.300
    Bloomfield Hills, MI 48303-0200
    Phone: (248) 258-6800 • Fax: (248) 258-7596
    Total GLA owned: 16,400,000 sq. ft.
    Robert S. Taubman, Pres./CEO; Lisa A. Payne, EVP/CFO; Courtney Lord, SVP, Leasing; William S. Taubman, EVP; Denise Anton, SVP, Center Oper.; Steve Eder, SVP, Treas.; Ilene Lanfear, VP, Info. Services; John Simon, SVP/Mng. Dir., Dev.; Carl F. Hagelman, SVP, Planning & Design

  24. Crown American Realty Trust
    Pasquerilla Plaza, Johnstown, PA 15901
    Phone: (814) 536-4441 • Fax: (814) 535-9343
    Total GLA owned: 16,377,960 sq. ft.
    Mark Pasquerilla, Chmn./CEO/Pres.; Don Zucco, SVP/CAO; Bob Griffith, SVP, RE Leasing; Tom Stephenson, EVP, Asset Mgmt.; Terry Stevens, EVP/CFO; James Pendleton, Dir., MIS; Tim Tremel, VP, Facilities Planning; Christine Menna, VP Corp. Comm. & Mktg.

  25. The Mills Corp.
    1300 Wilson Blvd., Ste. 400, Arlington, VA 22209
    Phone: (703) 526-5000 • Fax: (703) 526-5111
    Total GLA owned: 16,000,000 sq. ft.
    Laurence C. Siegel, Chmn./CEO; Peter B. McMillan, Pres./COO; Judith S. Berson, EVP, Leasing; Kent S. Digby, EVP, Mgmt. & Mktg.; James F. Dausch, SVP, Dev.; Kenneth R. Parent, EVP/CFO; Jonathan Levi, Chief Info. Tech. & Telecomm. Officer; Steven J. Jacobsen, EVP, Dev.; Mark J. Rivers, EVP/Chief Strategic Officer

  26. THF Realty
    2127 Innerbelt Business Center Dr., Ste. 200
    St. Louis, MO 63114
    Phone: (314) 429-0900 • Fax: (314) 429-0999

    Total GLA owned: 16,000,000 sq. ft.
    Michael Staenberg, Principal; E. Stanley Kroenke, Principal; Bruce Subin, Dir. of Prop. Mgmt.; Marian Nunn, COO

  27. Federal Realty Investment Trust
    1626 E. Jefferson St., Rockville, MD 20852
    Phone: (301) 998-3718
    Total GLA owned: 15,200,000 sq. ft.
    Steven J. Guttman, Pres./CEO; Ron D. Kaplan, SVP/CIO; Chris Weilminster, VP, Anchor Tenant & Mixed Use Leasing; Don Wood, SVP/COO; Cecily Ward, VP/CFO/Treas.; Lisa Denson, VP, IT & Special Projects; Mitchell Brown, VP, Mktg. & Corp. Comm.
    27a. Prime Retail Inc.
    100 E. Pratt St., 19th Fl., Baltimore, MD 21202
    Phone: (410) 234-0782 • Fax: (410) 234-1701
    Total GLA managed: 15,100,000 sq. ft.
    Glenn D. Reschke, Pres./CEO/Chmn.; John S. Mastin, EVP, Leasing; Frederick J. Meno, SVP, Oper.; Robert A. Brvenik, EVP/CFO/Treas.; Tom Bradley, Dir., Mgmt. Info. Systems, James Castillo, VP, Oper.; Frederick J. Meno, Sr. VP, Oper.

  28. Westcor Partners
    11411 N. Tatum Blvd., Phoenix, AZ 85028
    Phone: (602) 953-6200 • Fax: (602) 953-1964
    Total GLA owned: 15,000,000 sq. ft.
    Robert L. Ward, CEO/Pres.; Rusty Lyon, Chmn.; Frederick Collings, SVP; William P. Whiteside, SVP; Robert Mayhall, CFO; J.P. Jones, VP, Technology; Gilbert W. Chester, EVP; Tracey Gotsis, VP, Mktg.

  29. Equity Investment Group
    111 E. Wayne St., Ste. 500, Fort Wayne, IN 46802
    Phone: (219) 426-4704 • Fax: (219) 424-3615

    Total GLA owned: 14,000,000 sq. ft.
    George Huber, CEO; Mike Klump, Pres.; Bob Sutton, EVP; Tim Dirig, COO; Todd Jacobs, CFO; James Lohman, Regional VP Leasing

  30. Colonial Properties Trust
    2101 Sixth Ave. N., Ste. 750
    Birmingham, AL 35203-2775
    Phone: (205) 250-8700 • Fax: (205) 250-8890
    Total GLA owned: 12,350,982 sq. ft.
    Thomas H. Lowder, Pres./CEO/Chmn.; John N. Hughey, EVP, Retail Div.; Paul C. Glascock, SVP, Retail Leasing; John L. Moss, SVP, Retail Mgmt.; C. Reynolds Thompson III, COO; Howard B. Nelson Jr., CFO; Sandra Lee Robertson, VP, Investor Relations; Charles H. McNamee, VP, Retail Construction; Linda S. Geiss, VP, Corp. Affairs

  31. CenterAmerica Property Trust
    3901 Bellaire Blvd., Houston, TX 77025
    Phone: (713) 660-4300 • Fax: (713) 349-0901
    Total GLA owned: 12,255,000 sq. ft.
    Scott MacDonald, Pres./CEO; John Gilluly, CFO; Charles Spear, EVP, Leasing; Mike Tones, VP, Prop. & Asset Mgmt.; Lamar Haggard, COO; Charlie Carver, VP, Financial Services; Paul Salvo, Dir. of Info. Tech.; Dan Muniza, VP, Dev. & Construction

  32. Kravco Co.
    234 Mall Blvd., P.O. Box 1528 King of Prussia, PA 19406
    Phone: (610) 768-6300 • Fax: (610) 768-6444
    E-mail: [email protected]
    Total GLA owned: 12,132,639 sq. ft.
    Wayne L Snyder, Chmn./CEO; Lewis I. Gantman, Pres./COO; Lloyd Miller, VP, Leasing; Clinton M. Cochran, VP, Mgmt.; Rod Brana, VP, Dev.; Mary Jane Morrow, VP, Finance/CFO; Dee Page, VP, Admin. & Corp. PR; David L. Mack, VP, Planning & Construction

  33. Vornado Realty Trust
    210 Route 4 East, Paramus, NJ 07652
    Phone: (201) 587-0000 • Fax: (201) 587-0060
    www.vno.comE-mail: [email protected]
    Total GLA owned: 12,000,000 sq. ft.
    Steven Roth, Chmn./CEO; Michael D. Fasoitelli, Pres.; John Ostrowski, VP, Retail; Kim Cross Smith, VP, Mall Retail; Al Zuback, VP, Oper.; Joseph Macnow, EVP, Finance & Admin.; Brian Kurtz, SVP, Fin. Admin.; John Kundrat, VP, Design & Construction

  34. Forest City Enterprises Inc.
    1100 Terminal Tower, 50 Public Square Cleveland, OH 44113
    Phone: (216) 621-6060 • Fax: (216) 523-1431
    Total GLA owned: 11,881,000 sq. ft.
    Charles A. Ratner, Pres./CEO; James A. Ratner, Pres., Commercial Group; Michael E. Stevens, SVP, Retail Leasing; Duane F. Bishop Jr., SVP, Portfolio Mgmt.; Duane J. Favorite, VP, Shopping Center Oper.; Thomas G. Smith, EVP/CFO/Sec.; Glenn G. Moenich, Pres., Forest City Commercial Construction; Joginder Singh, EVP, Forest City Commercial Construction; Nancy W. McCann, VP, Mktg.

  35. Aronov Realty Management Inc.
    3500 Eastern Blvd., P.O. Box 235000
    Montgomery, AL 36116
    Phone: (334) 277-1000 • Fax: (334) 272-0747
    Total GLA owned: 11,676,177 sq. ft.
    Jake F. Aronov, Chmn./CEO; Owen Aronov, Pres.; Justice Wade, VP, Leasing; William M. Coleman, SVP, Shopping Ctr. Group; Michael G. Cox, COO; Jennifer Autrey, Controller; Alfredo Rizzo, Info. Systems Dir.; Stephen L. Tompkins, VP, Construction; Robin Raiford, VP, Mktg.

  36. Fletcher Bright Co.
    537 Market St., Ste. 400, Chattanooga, TN 37402
    Phone: (423) 755-8830 • Fax: (423) 756-1780

    Total GLA owned: 11,203,293 sq. ft.
    George T. Bright, Pres.; Clifford G. Martin, EVP

  37. Acadia Realty Trust
    20 Soundview Marketplace Port Washington, NY 11050
    Phone: (516) 767-8830 • Fax: (516) 767-8834
    Total GLA owned: 11,200,000 sq. ft.
    Ross Dworman, Chmn./CEO; Kenneth F. Bernstein, Pres.; Timothy J. Bruce, SVP/Dir. of Leasing; Joseph M. Napolitano, VP/Dir. of Retail Prop. Mgmt.; Perry Kamerman, SVP, Finance; Joseph Hogan, SVP/Dir. of Construction

  38. Kramont Realty Trust
    580 W. Germantown Pike, Ste. 200
    Plymouth Meeting, PA 19462
    Phone: (610) 825-7100 • Fax: (610) 834-8110
    E-mail: [email protected]
    Total GLA owned: 10,965,599 sq. ft.
    Louis P. Meshon Sr., CEO/Pres.; George S. Demuth, COO; John R. Comp, SVP, Leasing; Ed Kochman, SVP, Admin.; John Ahle, VP, Oper.; Etta Strehle, CFO; Tim Binder, Dir., MIS; Jim Seip, SVP, Dev. & Construction; Charles T. Morroney, EVP, Investment Mgmt.

  39. National Realty & Development Corp.
    3 Manhattanville Rd., Purchase, NY 10577-2117
    Phone: (914) 694-4444 • Fax: (914) 694-5448

    Total GLA owned: 10,800,000 sq. ft.
    Robert C. Baker, Chmn.; Richard A. Baker, Pres./COO; R. Joseph Guidos, Mng. Dir., Prop. Oper.; John L Scala, CFO; Marc Golden, EVP; Stephen L. Levine, SVP, Construction; Lisa E. Agresta, Leasing & Mktg. Rep.

  40. Prudential Real Estate Investors
    8 Campus Dr., 4th Fl., Parsippany, NJ 07054
    Phone: (973) 734-1300 • Fax: (973) 683-1790
    Total GLA owned: 10,399,157 sq. ft.
    Bernard Winograd, CEO; Dale Taysom, Mng. Dir.; Roger Pratt, Mng. Dir.; Dave Bradford, Mng. Dir.; Joel Stoesser, Mng. Dir.; Youguo Liang, Mng. Dir.; Eileen Power, Mng. Dir.; Robert Falzon, Mng. Dir.; Cathy Creswell, Mng. Dir.; Paul Phillips, Pres., Richard Plummer, Mng. Dir.; Loh Chin Hua, Mng. Dir., Will McIntosh, Mng. Dir.

  41. JP Realty Inc.
    35 Century Parkway, Salt Lake City, UT 84115
    Phone: (801) 486-3911 • Fax: (801) 486-7653
    Total GLA owned: 10,396,000 sq. ft.
    John Price, Chmn.; G. Rex Frazier, Pres.; Dave Fairbourne, Dir. of Mall Leasing; Greg Curtis, VP, Prop. Mgmt.; Mike Enslow, Dir. of Enclosed Malls; M. Scott Collins, VP/CFO; Paul K. Mendenhall, VP/CIO; Terry Bybee, VP, Construction; Toni Carter, VP, Mktg.

  42. Ramco-Gershenson Properties Trust
    27600 Northwestern Hwy., Ste. 200
    Southfield, MI 48034
    Phone: (248) 350-9900 • Fax: (248) 728-1600
    E-mail: [email protected]
    Total GLA owned: 9,994,548 sq. ft.
    Dennis Gershenson, Pres./CEO; Richard Smith, CFO; Ed Eickhoff, VP, Leasing; Fred Zantello, SVP, Asset Mgmt.; Dawn Garcia, Investor Relations Coordinator

  43. S.R. Weiner and Associates Inc.
    1330 Boylston St., Chestnut Hill, MA 02467
    Phone: (617) 232-8900 • Fax: (617) 734-4661
    Total GLA owned: 9,753,916 sq. ft.
    Stephen R. Weiner, Pres.; Thomas J. DeSimone, EVP/COO; Jeremy M. Sclar, EVP; Richard A. Marks, SVP; Jill A. Crouch, VP, Mall Prop.; Mark F. Sweetser, Dir. of Mall Leasing; Lee Anne Klemyk, VP of Leasing; Albert J. Rocco, Dir. of Community Centers; Deirdre A. Geoghegan, Treas.; Robert G. Frazier, VP of Dev.; Robert J. Gottlieb, Corp. Dir. of Mktg./PR

  44. Konover Property Trust; RMC/Konover Property Trust
    11000 Regency Pkwy., Ste. 300, Cary, NC 27511
    Phone: (919) 462-8787 • Fax: (919) 462-8799
    Total GLA owned: 9,628,771 sq. ft.
    C. Cammack Morton, Pres./CEO; Suzanne L. Rice, Pres.; Celia A. Wing, SVP, Leasing; Seth B. Layton, EVP; James E. Button, SVP, Prop. Mgmt.; Cindy Lee, VP, Prop. Mgmt.; Patrick M. Miniutti, EVP/COO; Daniel Kelly, EVP/CFO; Jack Laskowitz, Dir. of Finance; Ted J. Powell, SVP, Construction/Dev.; Barry J. Tillman, Dir. of Construction; Charlotte Ellis, SVP, Mktg. & PR

  45. Inland Real Estate Corp.
    2901 Butterfield Rd., Oak Brook, IL 60523
    Phone: (888) 331-4732 • Fax: (630) 218-7350
    Total GLA owned: 9,473,097 sq. ft.
    Norm Treonis, Pres./CEO; Mark Zalatoris, SVP/CFO; D. Scott Carr, Pres., Prop. Mgmt.; James Pokin, Investor Relations Officer

  46. Cencor Realty Services
    3102 Maple Ave., Ste. 500, Dallas, TX 75201
    Phone: (214) 954-0300 • Fax: (214) 953-0860
    Total GLA owned: 9,400,000 sq. ft.
    Marshall Mills, COO; Herbert D. Weitz, Chmn.; Steven A. Lieberman, Pres., TWG; Linda Jackson, Exec. Dir., Prop. Mgmt.; Randall E. Woodruff, CFO; Mark Fawks, VP; Ian Pierce, Dir., Corp. Comm.

  47. Rosen Associates Management Corp.
    33 S. Service Rd., Jericho, NY 11753-1006
    Phone: (516) 333-2000 • Fax: (516) 333-7555
    Total GLA owned: 9,300,000 sq. ft.
    Robert A. Rosen, Chmn./CEO; Florence Rosen, Pres.; David Rosen, EVP; Louis Wichman, Controller; Charles Burkert, VP, Construction; Michael Winters, Mgr., Acquisitions

  48. EBL&S Property Management Inc.
    230 S. Broad St., Mezzanine Level Philadelphia, PA 19102-4121
    Phone: (215) 790-4700 • Fax: (215) 790-4733

    Total GLA owned: 8,362,185 sq. ft.
    Edward B. Lipkin, Pres./CEO; Howard M. Levy, Dir. of Leasing; Michael Fedak, Dir. of Oper.; David A. Simon, VP

  49. Breslin Realty Development Corp.
    500 Old Country Rd., Garden City, NY 11530
    Phone: (516) 741-7400 • Fax: (516) 741-7128
    [email protected]
    Total GLA owned: 8,000,000 sq. ft.
    Wilbur F. Breslin, Pres.; Paul Berger, EVP; Robert Delavale, Dir. of Leasing; Martin Schackner, CFO; Robert Rosenberg, Dir. of Prop. Mgmt.; Kenneth Breslin, VP, Mktg.

  50. Mall Properties Inc.
    654 Madison Ave., New York, NY 10021
    Phone: (212) 935-1330 • Fax: (212) 832-5369

    Total GLA owned: 7,700,224 sq. ft.
    Morton L. Olshan, Chmn./Pres.; Richard P. Steinberg, EVP; Craig D. Samson, VP; Peter Stahl, VP; Ralph Laughlin, VP; Joseph Giantomaso, VP

  51. Pennsylvania Real EstateInvestment Trust
    200 S. Broad. St., 3rd Fl., Philadelphia, PA 19102
    Phone: (215) 875-0700 • Fax: (215) 546-7311
    Total GLA owned: 7,548,828sq. ft.
    Jonathan Weller, Pres.; Joseph Coradino, EVP/COO, Retail Division; Nicolina Colombo, VP/Dir. Mall Leasing; Tim Rubin, VP/Dir. Community Leasing; Scott Petrie, VP, Retail Mgmt.; Edward Glickman, CFO; Don Jacobs, Dir. of MIS; Susan Nicgorski, Dir. of Tenant Coordination; Cheryl Dougherty, VP, Mktg.

  52. The RREEF Funds
    875 N. Michigan Ave., 41st Fl., Chicago, IL 60611
    Phone: (312) 266-9300 • Fax: (312) 266-9346
    Total GLA owned: 7,507,185 sq. ft.
    Donald A. King Jr., Mng. Principal; Aldolfo Diaz, VP; Robert J. Navratil, Principal

  53. Donahue Schriber
    3501 Jamboree Rd., Ste. 300, South Tower Newport Beach, CA 92660
    Phone: (949) 854-2100 • Fax: (949) 854-2150
    E-mail: [email protected]
    Total GLA owned: 7,189,096 sq. ft.
    Daniel W. Donahue, Chmn.; Thomas L. Schriber, Pres.; Lawrence P. Casey, EVP/CFO; Patrick S. Donahue, EVP, Asset Mgmt.; Mark L. Whitfield, EVP, Dev.; Candace K. Rice, SVP, Leasing/Regional and Third Party Div.

  54. Konover & Associates Inc.
    16 Munson Rd., P.O. Box 4054
    Farmington, CT 06034-4054
    Phone: (860) 284-7100 • Fax: (860) 284-1176
    Total GLA owned: 7,143,495 sq. ft.
    Michael Konover, Chmn./CEO; R. Michael Goman, Pres./COO; John Anderson, EVP; Lisa Whitney, SVP; Steve Abney, EVP/CFO; Michael Kolakowski, Pres./COO, Construction; Lori Murphy, Corp. Mktg. Coordinator

  55. Schostak Brothers & Co.
    25800 Northwestern Hwy., Ste. 750
    Southfield, MI 48075
    Phone: (248) 262-1000 • Fax: (248) 262-1814

    Total GLA owned: 7,000,000 sq. ft.
    Robert I. Schostak, Co-Pres.; David W. Schostak, Co-Pres.; Jim E. Lamphear, VP/Dir. of Prop. Mgmt.; Angela Nader, VP/Dir. of Corp. Fin.; Lori D. Schechter, VP/Dir. of Corp. Admin.; Stephen Duczynski, VP, Dev. Div./Dir. of Dev. & Construction; Cindy Ciura, VP of Corp. Mktg.

  56. Glimcher Group
    500 Grant St., Ste. 2000, Pittsburgh, PA 15219
    Phone: (412) 765-3333 • Fax: (412) 765-0124
    [email protected]
    Total GLA owned: 6,900,500 sq. ft.
    Robert T. Glimcher, Pres.; Wayne Marks, Leasing Rep.; Diane DiGuilio, Controller; Colleen Moore, Dir. of Mktg. & Adv.

  57. First Washington Realty Trust; First Washington Management Inc.
    4350 East-West Hwy., Ste. 400, Bethesda, MD 20814
    Phone: (301) 907-7800 • Fax: (301) 907-4911
    Total GLA owned: 6,700,000 sq. ft.
    Stuart D. Halpert, Chmn.; William J. Wolfe, Pres./CEO; Kenneth E. Miller, SVP/Dir., Prop. Mgmt.; James G. Pounds, EVP/COO; James G. Blumenthal, EVP/CEO; Christopher J. Nowalk, Dev. Mgr.; Christine M. Schaaf, VP, Mktg.

  58. AIG Baker Shopping Center Properties LLC
    1701 Lee Branch Lane, Birmingham, AL 35242
    Phone: (205) 969-1000 • Fax: (205) 969-1051
    Total GLA owned: 6,675,571 sq. ft.
    Alex D. Baker, Pres./CEO; Milton Smith, Pres., AIG Baker Development ; Rich Wingo, Pres., AIG Baker Real Estate ; Valerie Jacobs, Dir. of Asset Mgmt.; Ron Day, CFO; Melissa Cassell, Dir. of Mktg. & Research

  59. The Irvine Co., Irvine Retail Properties Group
    550 Newport Center Dr., Newport Beach, CA 92658
    Phone: (949) 720-2000
    Total GLA owned: 6,400,000 sq. ft.
    Donald Bren, Chmn.; Michael McKee, Vice Chmn./CFO; Richard Sim, Chmn., Investment Prop.; Clarence Barker, Pres., Investment Prop.; Keith Eyrich, Pres., Retail Prop.; Russell Lowe, Sr. VP, Operations, Retail Prop.; Jeff Dodd, VP, Leasing Regional Centers; Chris Auer, VP, Leasing Non-regional Dev. Centers

  60. Noddle Development Co.
    13710 FNB Pkwy., Ste. 100, Omaha, NE 68154-1080
    Phone: (402) 496-1616 • Fax: (402) 496-6250
    E-mail: [email protected]
    Total GLA owned: 6,304,468 sq. ft.
    Harlan J. Noddle, Chmn.; Joseph Kirshenbaum, Pres.; Gordon J. Sudbeck, VP, Leasing & Prop. Mgmt.; Barbara Kelly Bredthauer, EVP

  61. Saul Centers Inc.
    8401 Connecticut Ave., Chevy Chase, MD 20815
    Phone: (301) 986-6200 • Fax: (301) 986-6079
    E-mail: [email protected]
    Total GLA owned: 6,107,680 sq. ft.
    Frank Saul III, Vice Chmn.; Philip D. Caraci, Pres.; Christopher H. Netter, SVP; Charles W. Sherren Jr., VP; Scott Schneider, SVP/CFO; John Collich, VP, Retail Dev.

  62. Vestar Property Management
    2425 E. Camelback Rd., Ste. 750, Phoenix, AZ 85016
    Phone: (602) 866-0900 • Fax: (602) 955-2298

    Total GLA owned: 6,000,000 sq. ft.
    Lee Hanley, Chmn.; Rick Kuhle, Pres.; Richard Hearn, Dir. of Leasing; R. Patrick McGinley, VP, Prop. Mgmt.; Peter Thomas, CFO; Ed Reading, VP, Finance; Paul Rhodes, VP, Construction; Larry Heath, Dir. of Mktg.

  63. Belz Enterprises
    100 Peabody Place, Ste. 1400, Memphis, TN 38103
    Phone: (901) 260-7348 • Fax: (901) 260-7378
    Total GLA owned: 5,883,962 sq. ft.
    Jack A. Belz, Chmn./CEO; Ron A. Belz, Co-Pres.; Morris I. Thomas, VP/Dir., Brokerage & Leasing; Irvin S. Skopp, VP, Asset Mgmt.; Jimmie D. Williams, SVP/CFO; Ben D'Angelo, Dir. of MIS; Jerome H. Hanover, SVP; Andrew J. Groveman, SVP, Mktg. & Admin

  64. Sandor Development Co.
    2220 N. Meridian St., Indianapolis, IN 46208
    Phone: (317) 925-9011 • Fax: (317) 927-0725
    Total GLA owned: 5,652,204 sq. ft.
    Sidney D. Eskenazi, Partner; David N Eskenazi, Partner; Jay D. Stein, Partner

  65. Chelsea GCA Realty Inc.
    103 Eisenhower Pkwy., Roseland, NJ 07068
    Phone: (973) 228-6111 • Fax: (973) 228-5363
    Total GLA owned: 5,517,000 sq. ft.
    David Bloom, Chmn./CEO; Les Chao, Pres.; Tony Galvin, VP, Leasing; Tom Davis, COO; Greg Link, VP, Oper.; Michael Clarke, CFO; Eric Helstrom, VP, Architecture & Construction; Michele Rothstein, VP, Mktg.

  66. CB Richard Ellis Investors LLC
    865 S. Figuerda St., Ste. 3500, Los Angeles, CA 90017
    Phone: (213) 683-4200 • Fax: (213) 683-4301

    Total GLA owned: 5,270,258 sq. ft.
    Robert Zerbst, CEO; William Harris, COO

  67. S. L. Nusbaum Realty Co.
    1000 Bank of America Center, P.O. Box 2491
    Norfolk, VA 23501
    Phone: (757) 627-8611 • Fax: (757) 640-2292
    Total GLA owned: 5,224,508 sq. ft.
    Alan B. Nusbaum, Chmn.; Miles B. Leon, Pres.; Richard M. Jacobson, SVP; Frank H. Cowling Jr., VP; Michael D. Gurley, SVP, Dev.

  68. Lerner Enterprises
    11501 Huff Court, North Bethesda, MD 20895-1094
    Phone: (301) 984-1500 • Fax: (301) 770-0144
    Total GLA owned: 5,010,000 sq. ft.
    Theodore N. Lerner, Principal/CEO; Mark D. Lerner, Principal; William J. Winterburn, Dir. of Retail Leasing; Alan H. Gottlieb, VP; Richard H. Lager, VP/CFO; B. Clarke Green, Dir. of Mktg./PR; Frank G. Gambino, Dir. of Construction

  69. Lone Star Equities Inc.
    211 Broadway, #302, Lynbrook, NY 11563
    Phone: (516) 599-3700 • Fax: (516) 599-0992

    Total GLA owned: 4,615,700 sq. ft.
    Louis Wiener, Pres.; Daniel Wiener, VP; Miriam Mercado, Branch Leasing Mgr.; Gilda Podber, Controller

  70. The Woodmont Cos.
    6500 W. Freeway, #900, Fort Worth, TX 76116
    Phone: (817) 732-4000 • Fax: (817) 735-4738
    Total GLA owned: 4,584,479 sq. ft.
    Stephen Coslik, Pres./CEO, The Woodmont Cos.; Stephannie Mower, Pres./COO, Woodmont Prop. Management Co., AMO ; Kevin Watson, COO, The Woodmont Corp.; Meg Jensen Hardin, VP Oper., Woodmont Prop. Management CO., AMO; Don Dalton, Pres., Ridgmar Construction Co.; Malcolm Hill, Dir., Mktg. Research-The Woodmont Cos.

  71. Amerishop Real Estate Services LP
    13455 Noel Rd., Ste. 1100, Dallas, TX 75240
    Phone: (972) 774-4100 • Fax: (972) 774-9737

    Total GLA owned: 4,510,278 sq. ft.
    Robert Mills, CEO/Pres.; Joe Gampper, SVP, Leasing; Angel Benschneider, VP, Asset Mgmt.; Karen Lowe, Controller; Todd Bicknell, VP, Acquisitions

  72. DLC Management Corp.
    580 White Plains Rd., 3rd Fl., Tarrytown, NY 10591
    Phone: (914) 631-3131 • Fax: (914) 631-6533
    [email protected]
    Total GLA owned: 4,330,000 sq. ft.
    Stephen N. Ifshin, Chmn.; Adam W. Ifshin, Pres.; Michael Cohen, EVP; Patrick Tandy, VP; Joseph Boniello, EVP

  73. Sleiman Enterprises
    1 Sleiman Parkway, Jacksonville, FL 32216
    Phone: (904) 731-8806 • Fax: (904) 731-1109

    Total GLA owned: 4,200,000 sq. ft.
    Toney Sleiman, Pres.; Peter Sleiman, VP; Dave Coleson, RCE; Bob Huffman, ASS; John Joyce, COO; Jim McAvity, CFO; Joe Forshee, CCG; Eli Sleiman Jr., VP; Jennifer Ward, ASO

  74. Madison Marquette Realty Services
    11100 Wayzata Blvd., Ste. 601
    Minnetonka, MN 55305-1544
    Phone: (612) 852-5201 • Fax: (612) 852-5201
    Total GLA owned: 4,174,000 sq. ft.
    Greg Karlen, Pres., Retail Services; Craig Estrem, COO; Ken Seifert, VP, Financial Planning & Oper.; Jim Larson, VP, Leasing; Greg McDonald, VP, New Bus. Dev.; Joan Suko, VP, Mktg.; Dale Everson, VP, Construction Services

  75. W M Grace Development
    7575 N 16th St., Ste. 1, Phoenix, AZ 85020
    Phone: (602) 956-8254 • Fax: (602) 943-3548
    [email protected]
    Total GLA owned: 4,110,000 sq. ft.
    W. M. Grace, Pres.; Howard Grace, VP; Chris Gerardo, VP; Jim Kaiser, VP; Jim Stamatis, SVP; Christine Zeihen, CFO; Rick Claussen, VP, Design

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