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Lightstone Contributes Retail Outlet Centers to Simon Property Group
- Client News
- December 4, 2012
Practices
Paul, Weiss client The Lightstone Group completed the contribution of its ownership interests in Paragon Outlets Livermore and Paragon Outlets Grand Prairie, premium retail outlet centers in the San Francisco Bay area and the Dallas metropolitan area, respectively, to Simon Property Group, the largest owner of retail outlet centers in the U.S. As part of the transaction, Lightstone also contributed to Simon an expansion site adjacent to the Livermore Property. The closing completed a two-step transaction that commenced in 2011.
The Paul, Weiss team included real estate partner Peter Fisch and counsel Andrew Wurzburger; and tax partner Jeffrey Samuels.