Client Success

General Growth Properties, Inc. (NYSE: GGP)
In 2004 Venture One represented General Growth in the disposition of a 1,325,983 SF, 35-building portfolio for $67,400,000.  Thirty-four buildings are located within four highly visible business parks in Salt Lake County, and one is a stand-alone building in Provo, UT. The Utah portfolio consisted of 12 warehouse/distribution centers totaling 880,000 SF and 23 office/flex facilities totaling 450,000 SF.  Our marketing strategy allowed purchasers the option of bidding on the entire portfolio or individual parks or buildings in order to achieve the best possible price.

General Growth has ownership interest in, or management responsibility for, a portfolio of 221 regional shopping malls and numerous other types of properties in 44 states.  The company’s portfolio totals approximately 200 million square feet of space including more than 16,000 retailers nationwide.