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Simon Property Group, Inc. (SPG) - free report >>
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Simon Property Group, Inc. (SPG) - free report >>
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Simon (SPG) to Bring Nobu and Fig & Olive at The Galleria
Simon Property Group Inc. (SPG - Free Report) , the Indianapolis, IN-based retail real estate investment trust (“REIT”) announced that two globally recognized restaurants, Nobu and Fig & Olive, will open shop at the premier shopping destination in The Galleria, Houston in 2017. Addition of Nobu – a globally recognized Japanese restaurant and Fig & Olive – a Mediterranean restaurant, is likely to meet the increased consumer demand for fine dining options at The Galleria.
Simon Property is engaged in acquiring, owning and leasing a diverse portfolio of shopping malls. The Galleria is the largest shopping center of Texas and spans over 2.4 million square feet. The center contains 400 fine stores and restaurants, two high-rise hotels, and three office towers. Opening of two exclusive restaurant brands at the center shows the commitment of Simon Property to offer shoppers a matchless shopping experience that includes fine retail stores and restaurants.
Nobu, respected for its Peruvian-Japanese fusion cuisine delicacy, will debut the first shop in Houston followed by a second in Texas, at The Galleria, in the fall of 2017. New York-based Fig & Olive will open the fashionable French Riviera fare at The Galleria in the fall of 2017.
SIMON PROPERTY Price
SIMON PROPERTY Price | SIMON PROPERTY Quote
Currently, Simon Property carries a Zacks Rank #3 (Hold).
Investors interested in the retail REIT sector can consider some better-ranked stocks like American Assets Trust, Inc. (AAT - Free Report) , EPR Properties (EPR - Free Report) and Weingarten Realty Investors . All these stocks hold a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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