With department stores reviving, and new retailers looking forspace, Simon is looking to its older, smaller centers as well asnew growth for expansion.
"One of the priorities we have this year is to learn howeffective we are in midmarket malls," said David Simon, CEO. "I'mvery bullish on them."
Simon admitted that some of the company's projects in smallermarkets might be slightly too large. But the major expansionplanned by some retailers, including Hollister's plan for 800stores will help lease these properties, added Rick Sokolov,president.
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