bankruptcy successor simon property group founded 1985 defunct 2007 headquarters chevy chase maryland products shopping malls website www.themills.com the mills corporation was a publicly traded real estate investment trust headquartered in arlington virginia united states acquired on april 3 2007 by an investment group composed of simon property group and farallon capital management . the company developed owned and operated major super regional shopping malls . the company built 18 landmark centers in which the malls were named after mills like vaughan mills or st. louis mills ; and also over 20 21st century retail regional malls that they started operating in 2002 like del amo fashion center and southdale center . most former mills facilities have a large movie theater from 10 30 screens and a large food court sometimes two . their facilities are normally built in modern abstract architectural designs . simon property group assumed management of the former mills properties after the acquisition and is operating the former landmark mills group as a separate operating segment within its organization . contents 1 company history 2 acquisition by simon property group 3 former mills properties 3.1 properties sold by mills prior to simon acquisition 4 under development 4.1 canada 4.2 italy 4.3 united states 5 references 6 external links company history edit the company started in 1967 as the western development corporation and its first mall was potomac mills in the washington d.c. metropolitan area in 1985 . then from 1989 1991 franklin sawgrass & gurnee mills opened each of those years respectively . in 1994 the company converted to reit status and changed its name to the mills corporation . . 1 2 in 1996 with new ceo lawrence siegel the mills built ontario mills near los angeles which was the company s first mall built abstractly and with a full oval racetrack design which followed into the rest of the company s built malls . since opening ontario mills until 2005 with pittsburgh mills the mills built and opened at least one or two landmark malls each year . in 2002 the mills acquired six regular retail malls including the ailing forest fair mall became cincinnati mills from 2004 2009 and a nine mall portfolio in 2004 including former taubman centers like columbus city center in order to redevelop & expanded to be more affordable centers . also the company also expanded to europe with the opening of madrid xanad in spain . the success of madrid xanad prompted the mills to embark on the 1 billion meadowlands xanadu complex in 2004 which was first planned as meadowlands mills but the project has caused numerous delays and costed the company financially . it was eventually sold to another developer who planned it as american dream meadowlands . in november 2004 vaughan mills was the first mills landmark built in canada and continued its international success with the acquisition of the st. enoch centre in scotland and was offered to build a center in rome italy . after their last built mall was opened galleria at pittsburgh mills in july 2005 the company was investigated by the securities & exchange commission for its financial problems . acquisition by simon property group edit on january 17 2007 the mills corporation agreed to a buyout from brookfield asset management based out of toronto . the deal was valued at us 1.35 billion . the company was forced to seek help after a possible management misconduct resulted in a 350 million accounting error . brookfield would have paid 21 for each share of mills corporation . 3 however on february 13 2007 mills announced that their board had determined that a competing offer from simon property group of indianapolis indiana was superior to the brookfield offer . 4 brookfield had the option to submit a counter offer but february 16 2007 simon property group and farallon capital agreed to acquire mills for 25.25 per common share . on april 6 2007 farallon and simon completed the acquisition of mills . all former mills malls became simon properties at the acquisition date and are now shown on simon s website . the mills became simon s fifth retail platform along with regional malls the 21st century malls included and chelsea premium outlets . the new platform for landmark mills only is known as the mills a simon company . former mills properties edit arizona mills tempe phoenix arizona arundel mills hanover baltimore maryland the block at orange orange california anaheim los angeles briarwood mall ann arbor michigan broward mall plantation florida cincinnati mall cincinnati ohio formerly forest fair mall & cincinnati mills colorado mills lakewood denver colorado concord mills concord charlotte north carolina colonnade outlets at sawgrass sunrise fort lauderdale florida columbus city center downtown columbus ohio mall now closed for redevelopment del amo fashion center torrance los angeles california sugarloaf mills formerly discover mills lawrenceville atlanta georgia note this is the first known instance of a developer selling naming rights to a mall in the united states . 5 6 dover mall dover delaware the esplanade kenner new orleans louisiana the falls miami florida galleria at white plains white plains new york city new york grapevine mills grapevine dallas fort worth texas great mall of the bay area milpitas san jose california gurnee mills gurnee chicago illinois hilltop mall richmond california katy mills katy houston texas lakeforest mall gaithersburg maryland washington d.c. the mall at tuttle crossing dublin ohio columbus ohio marley station glen burnie baltimore maryland meadowood mall reno nevada northpark mall ridgeland mississippi jackson ms metro area ontario mills ontario california los angeles opry mills nashville tennessee philadelphia mills formerly franklin mills philadelphia pennsylvania potomac mills woodbridge virginia washington d.c. sawgrass mills sunrise florida fort lauderdale the shops at riverside bergen new jersey southdale center edina minneapolis minnesota southridge mall milwaukee wisconsin stoneridge mall pleasanton california st. louis mills hazelwood st. louis missouri westland mall hialeah miami florida properties sold by mills prior to simon acquisition edit madrid xanadu near a reiterated recommendation from the third evaluation round built in 2003 by mills sold to ivanhoe cambridge in 2006 . st. enoch centre glasgow scotland acquired 50 50 stake in january 2005 sold interest to ivanhoe cambridge . vaughan mills vaughan ontario built in 2004 and the first mills property outside the u.s. ; mills sold its share in july 2006 to ivanhoe cambridge . pittsburgh mills tarentum pittsburgh pennsylvania built in 2005 was the first mills landmark to feature full priced stores ; mills sold its share in mall in december 2006 to zamias services inc. under development edit these properties were in development by mills corporation before the simon acquisition and will not be part of simon . canada edit crossiron mills calgary alberta opened august 2009 italy edit mercati generali rome italy united states edit 108 north state street chicago illinois meadowlands xanadu east rutherford new jersey tewksbury mills tewksbury massachusetts has never been built stonebridge at potomac town center woodbridge virginia laredo mills laredo texas proposed references edit company history . the mills corporation . retrieved 2007 01 17 . mills shifts focus to traditional malls . international council of shopping centers . archived from the original on february 20 2006 . retrieved 2007 01 17 . hedgpeth dana 2007 01 17 . mills agrees to sell for 1.35 billion . washington post . retrieved may 12 2010 . the mills determines that acquisition proposal from simon and farallon is superior to brookfield merger . 2007 02 13 . retrieved 2007 02 13 . mills corp. set to open discover mills introduce new skatepark . retail beat . brief article . national real estate investor . dead link the mills corporation announces the grand opening of discover mills external links edit the mills corporation website v t e simon property group v t e simon property group malls in the western united states alaska anchorage 5th avenue mall arizona arizona mills california brea mall coddingtown mall del amo fashion center fashion valley mall great mall of the bay area ontario mills the outlets at orange santa rosa plaza the shops at mission viejo the shops at montebello stanford shopping center stoneridge shopping center colorado colorado mills nevada the forum shops at caesars meadowood mall new mexico abq uptown washington columbia center mall northgate mall tacoma mall v t e simon property group malls in the midwestern united states illinois gurnee mills orland square mall white oaks mall woodfield mall indiana castleton square circle centre college mall fashion mall at keystone greenwood park mall hamilton town center tippecanoe mall university park mall kansas towne east square michigan briarwood mall minnesota miller hill mall southdale center missouri battlefield mall independence center ohio the mall at tuttle crossing summit mall south dakota empire mall wisconsin bay park square southridge mall v t e simon property group malls in the northeastern united states connecticut crystal mall maine bangor mall massachusetts auburn mall burlington mall cape cod mall copley place emerald square greendale mall liberty tree mall the mall at chestnut hill northshore mall solomon pond mall south shore plaza square one mall new hampshire the mall at fox run mall at rockingham park mall of new hampshire pheasant lane mall new jersey livingston mall menlo park mall newport centre ocean county mall quaker bridge mall rockaway townsquare the shops at riverside the mills at jersey gardens new york the galleria at white plains roosevelt field smith haven mall walt whitman shops the shops at nanuet the westchester pennsylvania king of prussia mall lehigh valley mall majority owned by pennsylvania real estate investment trust managed by simon montgomery mall oxford valley mall philadelphia mills ross park mall south hills village springfield mall co owned with preit managed by preit v t e simon property group malls in the southern united states arkansas mccain mall delaware dover mall florida aventura mall the avenues coconut point coral square cordova mall dadeland mall the falls the florida mall miami international mall pier park sawgrass mills st. johns town center town center at boca raton treasure coast square tyrone square mall georgia lenox square mall of georgia phipps plaza sugarloaf mills town center at cobb louisiana the esplanade prien lake mall maryland arundel mills st. charles towne center mississippi northpark mall oklahoma penn square mall woodland hills mall north carolina concord mills southpark mall south carolina haywood mall tennessee opry mills west town mall wolfchase galleria texas barton creek square broadway square mall cielo vista mall the domain firewheel town center grapevine mills the galleria galleria dallas ingram park mall katy mills lakeline mall north east mall la plaza mall midland park mall virginia apple blossom mall the fashion centre at pentagon city potomac mills v t e premium outlets and factory stores outlet centers in the eastern united states all malls are suffixed with premium outlets unless noted otherwise . florida orlando international premium outlets maryland hagerstown massachusetts wrentham village michigan birch run new hampshire merrimack new york woodbury common pennsylvania grove city philadelphia virginia williamsburg v t e premium outlets and factory stores outlet centers in the western united states all malls are suffixed with premium outlets unless noted otherwise . southern california las americas minnesota albertville nevada las vegas north oregon woodburn texas round rock v t e premium outlets and factory stores outlet centers in canada ontario toronto premium outlets quebec premium outlets montreal david simon herbert simon melvin simon simon property group headquarters retrieved from https en.wikipedia.org w index.php title mills corporation & oldid 741449706 categories real estate companies of the united statesreal estate investment trustsshopping property management firmscompanies established in 1985simon property groupfinancial services companies based in marylandcompanies based in chevy chase marylandcompanies disestablished in 2007companies based in marylandhidden categories all articles with dead external linksarticles with dead external links from august 2010 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured