Phipps Plaza is owned and managed by Simon Property Group, a leading real estate investment trust.
Understanding Phipps Plaza Ownership
Phipps Plaza, an upscale shopping mall located in the Buckhead district of Atlanta, Georgia, is under the direct ownership and management of Simon Property Group. This company is one of the largest retail real estate investment trusts (REITs) in the world, specializing in the ownership, development, and management of shopping malls, outlet centers, and other retail properties.
The plaza is considered a sister mall to the adjacent and equally prominent Lenox Square, which is also owned and managed by Simon Property Group. This shared ownership allows for strategic coordination and management between the two major retail destinations in the area.
Key Ownership Facts
| Attribute | Detail |
|---|---|
| Owner | Simon Property Group |
| Manager | Simon Property Group |
| Sister Property | Lenox Square (also Simon-owned) |
| Location | Buckhead, Atlanta, Georgia |
About Simon Property Group
Simon Property Group is a global leader in the ownership of premier shopping, dining, entertainment, and mixed-use destinations. Headquartered in Indianapolis, Indiana, the company's portfolio includes a vast array of properties across North America, Europe, and Asia. Their expertise in real estate management ensures that properties like Phipps Plaza are maintained to high standards, offering a premium experience for shoppers and tenants alike.
The company's strategic acquisition and management of key retail properties solidify its position as a dominant force in the commercial real estate market.
