Taubman Realty Group

Taubman Realty Group is an American shopping-center investment and management business headquartered in Bloomfield Hills, Michigan. The company was founded in 1950 by A. Alfred Taubman and developed from a regional mall builder into a major owner, developer, and operator of high-end and destination-oriented retail properties. Its portfolio has included enclosed malls, open-air shopping centers, outlet centers, mixed-use developments, and international retail projects. The business opened its first shopping center, North Flint Plaza in Flint, Michigan, in 1953. Its first enclosed mall, Southland Mall in Hayward, California, followed in 1964. These early developments helped establish the company’s long-term emphasis on planned retail environments, strong architectural design, curated tenant mixes, and locations intended to serve as regional destinations rather than merely local convenience centers. The company was incorporated as Taubman Centers, Inc. in 1973 and became a public company through an initial public offering in 1992. Over subsequent decades, Taubman expanded and reshaped its portfolio through property sales, exchanges, joint ventures, and acquisitions. It sold or transferred numerous malls, including Southridge Mall, Queens Center, and a group of properties later sold to GM Pension Trust. It also exchanged Lakeside Mall for full ownership of Twelve Oaks Mall and entered partnerships involving prominent assets such as Country Club Plaza in Kansas City. The company’s portfolio included many high-profile properties, among them Beverly Center, Cherry Creek Shopping Center, City Creek Center, Dolphin Mall, Great Lakes Crossing Outlets, International Plaza and Bay Street, The Mall at Green Hills, The Mall at Millenia, The Mall at Short Hills, The Mall at University Town Center, The Mall of San Juan, Twelve Oaks Mall, Westfarms, and international centers in China and South Korea. Taubman’s business was affected by the structural pressures facing American retail real estate, including changing consumer shopping habits, tenant distress, competitive mall development, and the financial burdens associated with underperforming properties. The company transferred The Pier Shops at Caesars to lenders in 2011 and surrendered Regency Square to creditors in 2012. It subsequently sold several properties to institutional investors and other real estate companies. These transactions reduced exposure to selected assets while concentrating the portfolio around properties with stronger regional or luxury-retail characteristics. Simon Property Group agreed to acquire Taubman in 2020. Simon initially sought to terminate the transaction during the disruption caused by the COVID-19 pandemic, but the parties later amended the agreement, including a revised cash price of $43 per share. The merger closed in December 2020, making Taubman a subsidiary of Simon while preserving a continuing ownership interest for the Taubman family in the malls under the revised arrangement. The company continued to hold interests in shopping centers across the United States, Puerto Rico, South Korea, and China. In 2025, Simon Property Group completed a full buyout of the remaining company interests, according to the cited Wikipedia account. The Taubman name therefore represents both a historical mall-development enterprise and a portfolio platform within Simon Property Group. Its legacy is particularly associated with high-quality regional shopping centers, sophisticated mall design, premium tenant curation, and the development of retail properties intended to function as major civic and commercial destinations.

Taubman Realty Group traces its origins to 1950, when A. Alfred Taubman founded the business that would become one of the most recognizable American shopping-center companies. The enterprise opened North Flint Plaza in Flint, Michigan, in 1953 and entered the enclosed-mall format with Southland Mall in Hayward, California, in 1964. These developments established a model centered on planned retail environments, regional draw, architectural quality, and a deliberately assembled mix of national and specialty tenants. The company was incorporated as Taubman Centers, Inc. in 1973. It expanded its portfolio through development, ownership, management contracts, acquisitions, exchanges, and joint ventures. In 1987, it sold Southridge Mall in Milwaukee County. It became publicly traded through an initial public offering in 1992. During the 1990s, Taubman sold Queens Center to Macerich and transferred a substantial group of malls, including The Mall at Tuttle Crossing, Hilltop Mall, Marley Station, Meadowood Mall, Lakeforest Mall, Briarwood Mall, Stoneridge Shopping Center, The Falls Mall, and Columbus City Center, to GM Pension Trust. Taubman continued managing those properties until 2003, when they were sold again. In 2000, Taubman exchanged Lakeside Mall with Rodamco for full ownership of Twelve Oaks Mall. The company also faced a hostile acquisition attempt by Simon Property Group in 2003. Although the takeover attempt did not immediately result in a change of control, Simon later became Taubman’s acquirer. The company’s history also includes periods of financial pressure affecting individual assets. In 2011, The Pier Shops at Caesars were transferred to lenders, and in January 2012 Regency Square in Richmond, Virginia, was surrendered to creditors to avoid foreclosure. Portfolio rationalization continued during the 2010s. In 2014, Taubman sold Arizona Mills and land intended for The Mall at Oyster Bay to Simon Property Group. Later that year, it sold The Mall at Partridge Creek, MacArthur Center, Northlake Mall, The Mall at Wellington Green, Stony Point Fashion Park, The Shops at Willow Bend, and Fairlane Town Center to Starwood Capital Group. In 2016, Taubman and Macerich jointly acquired Country Club Plaza in Kansas City for $660 million. The company also maintained or developed interests in prominent properties such as Beverly Center, Cherry Creek Shopping Center, City Creek Center, Dolphin Mall, Great Lakes Crossing Outlets, International Plaza and Bay Street, The Mall at Green Hills, The Mall at Millenia, The Mall at Short Hills, The Mall at University Town Center, The Mall of San Juan, Sunvalley Shopping Center, Twelve Oaks Mall, Waterside Shops, and Westfarms, along with projects in China and South Korea. Founder A. Alfred Taubman died in April 2015 at the age of 91. His death marked the passing of the figure most closely associated with the company’s development philosophy and family control. The business subsequently entered a major ownership transition. In February 2020, Taubman agreed to be acquired by Simon Property Group. Simon announced in June that it was terminating the agreement, but the parties later renegotiated the arrangement. The amended deal included a revised cash consideration of $43 per share and closed in December 2020, making Taubman a Simon subsidiary. After the merger, Taubman continued to be associated with a portfolio of shopping centers in the United States, Puerto Rico, South Korea, and China. The company sold Stamford Town Center in 2020, and further ownership changes occurred at Fair Oaks Mall and Country Club Plaza in 2024. According to the cited account, Simon completed a full buyout of Taubman in November 2025. Taubman Realty Group consequently represents both a historic independent mall developer and a retail-real-estate platform absorbed into a much larger public property company.

• 2025

  Full buyout by Simon Property Group

  [1]Taubman Realty Groupen.wikipedia.org

  Simon Property Group completed a full buyout of the company, according to the cited Wikipedia account.

• 2020

  Simon merger closes

  [1]Taubman Realty Groupen.wikipedia.org

  Taubman’s revised merger with Simon Property Group closed in December, making Taubman a Simon subsidiary.

• 2016

  Country Club Plaza acquisition

  [1]Taubman Realty Groupen.wikipedia.org

  Taubman and Macerich acquired Country Club Plaza in Kansas City through a joint venture for $660 million.

• 2000

  Twelve Oaks ownership exchange

  [1]Taubman Realty Groupen.wikipedia.org

  Taubman exchanged Lakeside Mall with Rodamco for full ownership of Twelve Oaks Mall.

• 1992

  Initial public offering

  [1]Taubman Realty Groupen.wikipedia.org

  Taubman became a public company through an initial public offering.

• 1973

  Taubman Centers incorporated

  [1]Taubman Realty Groupen.wikipedia.org

  The company was incorporated as Taubman Centers, Inc.

• 1964

  First enclosed mall opens

  [1]Taubman Realty Groupen.wikipedia.org

  Southland Mall opened in Hayward, California, marking the company’s entry into enclosed regional malls.

• 1953

  First shopping center opens

  [1]Taubman Realty Groupen.wikipedia.org

  North Flint Plaza opened in Flint, Michigan, giving the company its first operating shopping-center project.

• 1950

  Company founded

  [1]Taubman Realty Groupen.wikipedia.org

  A. Alfred Taubman founded the business that later became Taubman Realty Group.

A premium shopping-center owner, developer, and operator associated with architecturally distinctive regional malls, affluent trade areas, destination retail, and curated tenant mixes.

• Retail real estate · 1964

  Regional enclosed shopping malls

  The company’s core offering has been ownership, development, leasing, and management of large enclosed malls serving broad metropolitan or regional trade areas. These properties typically combine department stores, fashion retailers, restaurants, entertainment, and specialty tenants. Taubman’s mall strategy emphasized design, circulation, tenant curation, and destination appeal.

• Retail real estate

  Premium and luxury shopping centers

  Taubman developed and operated properties positioned toward affluent consumers and premium national or international retailers. Examples include Beverly Center, The Mall at Short Hills, Cherry Creek Shopping Center, The Mall at Green Hills, and Waterside Shops. These centers rely on high-quality locations, upscale tenant mixes, strong design, and regional destination status.

• Retail real estate

  Outlet and destination retail centers

  The portfolio has included outlet and destination-oriented properties such as Great Lakes Crossing Outlets and Dolphin Mall. These assets serve large catchment areas and combine value-oriented shopping with food, entertainment, tourism, and other traffic-generating uses.

• International retail real estate

  International shopping-center investments

  Taubman held interests in shopping-center projects outside the continental United States, including CityOn Zhengzhou Shopping Center in China and Starfield Hanam in South Korea. These investments extended the company’s mall-development and operating model into international markets through ownership interests and partnerships.

• 2024

  Sell Country Club PlazaOther

  Background

  Taubman and Macerich reviewed their ownership of the Kansas City property amid continuing changes in the retail real-estate market.

  Action taken

  The partners sold Country Club Plaza to Dallas-based HP Village Partners.

  Aftermath

  Taubman exited its investment in the property.

  Source

• 2020

  Accept acquisition by Simon Property GroupM&A

  Background

  Taubman agreed to be acquired by Simon Property Group in a transaction that would end its independent status and alter the long-standing role of Taubman family control.

  Action taken

  After Simon announced an attempted termination in June, the parties revised the agreement, including a modified cash purchase price of $43 per share. The transaction closed in December 2020.

  Aftermath

  Taubman became a subsidiary of Simon Property Group, while the Taubman family retained an ownership interest under the revised arrangement.

  Modified cash purchase price per share. $43.00 per share (November 2020)

  Source

• 2016

  Acquire Country Club Plaza with MacerichM&A

  Background

  Taubman and Macerich pursued a joint investment in the prominent Country Club Plaza retail property in Kansas City.

  Action taken

  The partners acquired Country Club Plaza for $660 million.

  Aftermath

  Taubman held the property through a joint venture until its sale with Macerich in 2024.

  Acquisition price. $660 million (March 2016)

  Source

• 2020.12.29

  Reported2020.12.29

  Simon completes merger with Taubman[2]Simon完成与Taubman的合并wishtv.com

  Simon Property Group completed its $3.4 billion merger with Taubman Centers. Following the merger, Simon owns an 80% interest in The Taubman Realty Group Limited Partnership, and the Taubman family owns the remaining 20%.

• 2020.11.15

  Reported2020.11.16

  Simon Property and Taubman Centers settle dispute over transaction[3]Simon Property与Taubman Centers就交易纠纷达成和解realty.economictimes.indiatimes.com

  Simon Property and Taubman Centers settled their legal dispute over the transaction. Under revised terms, Simon would pay $2.65 billion for an 80% stake in Taubman Realty Group, at $43 per share instead of the previously announced $52.50.

• 2020.06.10

  Reported2020.06.10

  Simon terminates proposed Taubman acquisition[4]Simon终止拟议中的Taubman收购交易therealdeal.com

  Simon Property Group pulled out of its proposed $3.6 billion acquisition of Taubman Centers. Taubman called the termination invalid and said it would contest Simon's claims.

Read more

1. 1Taubman Realty Groupen.wikipedia.org
2. 2Simon完成与Taubman的合并wishtv.com
3. 3Simon Property与Taubman Centers就交易纠纷达成和解realty.economictimes.indiatimes.com
4. 4Simon终止拟议中的Taubman收购交易therealdeal.com
5. 5受疫情影响 西蒙地产终止36亿美元收购零售商陶布曼finance.sina.com.cn
6. 6Simon and Taubman gear up for legal throwdowntherealdeal.com
7. 7Simon Terminates $3.6B Acquisition Deal - Inside INdiana Businessinsideindianabusiness.com