Simon® Acquires Phillips Place in Charlotte

Group 1 - Simon has acquired Phillips Place, an open-air retail center in Charlotte, North Carolina, spanning 134,000 square feet and known for its specialty retail and dining [1] - Phillips Place features over 25 retail shops and restaurants, including notable brands such as Ralph Lauren and RH Gallery, along with a hotel and multi-family residential component [1] - The company plans to enhance the shopping experience at Phillips Place through new offerings, thoughtful merchandising, and ongoing investments to maintain its status as a vibrant community destination [1] Group 2 - Simon is a real estate investment trust (REIT) and an S&P 100 company, focusing on premier shopping, dining, entertainment, and mixed-use destinations [2] - The properties owned by Simon generate billions in annual sales and serve as community gathering places across North America, Europe, and Asia [2]