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BLOOMFIELD HILLS, MI-Taubman Centers Inc. has opened its third mega-mall this year, the International Plaza, a two-level, super-regional shopping center and dining venue in Tampa, FL. The 1.26-million-square-foot shopping center, which cost about $200 million to build, debuted with about 130 of the more than 160 stores and restaurantsthat have announced plans to open in the center.

Eventually the center will house nearly 200 stores and restaurants, with more than half new to the Tampa market.

The center is located on the southeast edge of the Tampa International Airport, where West Shore and Boy Scout boulevards intersect.

“International Plaza brings Tampa Bay area shoppers an impressive number offirst-to-the-market stores and restaurants,” says Robert S. Taubman, president and chief executive officer of Taubman, owner and manager of the shopping center. “There’s no longer a need to travel elsewhere to experience an elegant shopping environment.”

International Plaza is the third of four Taubman shopping centers debuting this year. Dolphin Mall opened in Miami in March, and The Shops at Willow Bend in Plano, TX opened in August. The Mall at Wellington Green, planned for Palm Beach County, FL will open Oct. 5. In addition, The Mall at Millenia in Orlando, FL will debut in October 2002.

Concorde Companies Inc. and Ivanhoe Cambridge are partners with TaubmanCenters on the International Plaza project.

Concorde, a Tampa company, is a major investor in real estate developments throughout the US. The company, owned by President Richard A. Corbett, has also invested in the development of two office centers near the new mall, adjacent land and other real estate in New York.

Ivanhoe is made up of owners, managers, developers and investors. The firm focuses on shopping centers located in urban areas across North America. Its core real estate portfolio of properties consists of 60 regional and super-regional shopping centers comprising 44 million square feet of retail space. Ivanhoe Cambridge, headquartered in Montreal, is owned by five Canadian pension funds. Its principal shareholder is CDP Capital (Caisse de dépôt et placement du Québec), Canada’s leading fund manager and among the largest portfolio managers in the Americas, with total assets under management of $83.2 billion at the end of 2000.

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