Kings' Shops, which has three dozen shops and restaurants, is planned for expansion. Kings' It is the fourth center that General Growth manages as a third party. The company also manages Queen Ka'ahumanu Center in Kahului and Whalers Village in Lahaina, both on the island of Maui, and Windward Mall in Kaneohe on Oahu.

Metrocenter Mall is Mississippi's largest enclosed mall. McRae's and Sears anchor the center, which also has more than 120 specialty retailers. It is General Growth's sole presence in the state.

Dillard's, J.C. Penney, Mervyn's, Sears, Steinmart, Weiss-Goldring and Stage anchor Alexandria Mall, which is the only regional mall in a 90-mile radius. General Growth owns seven malls in Louisiana.

The three centers, owned by different companies, brings General Growth's third-party management duties to 30 centers across the country. The company as of late has been on a buying spree. Last year the company completed one of the largest retail REIT transactions in the industry's history, when it purchased the Rouse Co. and its 150 properties for $12.6 billion. In all, General Growth owns 209 regional shopping centers.

NOT FOR REPRINT

© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.