Mills Corporation
| Industry | Real estate |
|---|---|
| Founded | 1967 (as Western Development Corporation) 1994 (as Mills Corporation) |
| Defunct | April 6, 2007 |
| Fate | Bankruptcy and acquisition by Simon Property Group |
| Successor | Simon Property Group |
| Headquarters | Chevy Chase, Maryland |
| Products | Shopping malls |
| Parent | Simon Property Group (2007–present) |
| Website | www.themills.com (2003 archive) |
The Mills Corporation was a publicly-traded real estate investment trust headquartered in Chevy Chase, Maryland, that developed and operated super-regional shopping malls. Mills-developed malls were typically built as large, single-floor facilities with a mixture of off-price retail and entertainment offerings. The company also had a sizeable portfolio of acquired properties, which tended to be smaller in scale.
On April 3, 2007, following a bankruptcy, the company was acquired by an investment group composed of Simon Property Group and Farallon Capital Management. At the time of the acquisition, the company operated 36 malls across the United States, 15 of which it had developed. Simon assumed management of the former Mills properties after the acquisition.