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International Plaza gets a new owner in mega real estate deal

February 10, 2020 - Simon Property Group Inc. and Taubman Centers Inc. (NYSE: TCO) (“Taubman”) have a definitive agreement under which Simon will acquire an 80 percent ownership interest in The Taubman Realty Group Limited Partnership, or TRG. The deal is valued at $3.6 billion. TRG owns, manages and/or leases 26 super-regional shopping centers in the U.S. and Asia, including International Plaza in Tampa.

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