Simon has also assumed management responsibilities for themall.

Concurrent with the closing, which occurred on Oct. 1, thepartnership secured a $200 million, 7 year mortgage from LehmanBrothersthat bears interest at a fixed rate of 6.50%.

Fashion Valley has dominated the San Diego-area retail scenesince itopened in 1969. Located in the Mission Valley area, the 1.7million sfopen-air, super-regional mall is anchored by NeimanMarcus, Nordstrom,Saks Fifth Avenue, Macy's, Robinsons-May andJCPenney.

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