|Traded as||NYSE: TCO|
S&P 400 Index component
|Industry||Real estate investment trust|
|Founder||A. Alfred Taubman|
|Headquarters||Bloomfield Hills, Michigan|
|Robert S. Taubman, Chairman|
William S. Taubman, COO
|Revenue||$0.629 billion (2017)|
|$0.109 billion (2017)|
|Total assets||$4.214 billion (2017)|
|Total equity||-$0.150 billion (2017)|
Number of employees
|Footnotes / references|
As of December 31, 2017, the company owned interests in 24 shopping centers in 11 U.S. states, Puerto Rico, South Korea, and China.
Notable properties owned by the company include:
- Beverly Center - Los Angeles, California
- Cherry Creek Shopping Center - Denver, Colorado
- City Creek Center - Salt Lake City, Utah
- Country Club Plaza - Kansas City, Missouri (50/50 partnership with Macerich)
- Dolphin Mall - Miami, Florida
- Fair Oaks Mall - Fairfax, Virginia
- Great Lakes Crossing Outlets - Auburn Hills, Michigan
- International Plaza and Bay Street - Tampa, Florida
- Mall at Green Hills - Nashville, Tennessee
- The Mall at Millenia - Orlando, Florida (50% equity stake, managed by The Forbes Company)
- The Mall at Short Hills - Short Hills, New Jersey
- The Mall at University Town Center - Sarasota, Florida
- The Mall of San Juan - San Juan, Puerto Rico
- Miami Worldcenter - Miami, Florida
- Stamford Town Center - Stamford, Connecticut
- Sunvalley Shopping Center - Concord, California
- Twelve Oaks Mall - Novi, Michigan
- Waterside Shops - Naples, Florida (50% equity stake, managed by The Forbes Company)
- Westfarms Mall - Farmington, Connecticut
- North Atlanta Center - North Atlanta, Georgia (pre-development)
- Starfield Hanam - Hanam, South Korea
- CityOn Xi'an Shopping Center - Xi'an, China
- CityOn Zhengzhou Shopping Center - Zhengzhou, China
- The Boulevard at Studio City - Macau, China
In 1953, it opened its first shopping center, North Flint Plaza in Flint, Michigan.
In 1973, the company was incorporated as Taubman Centers, Inc.
In 1987, the company sold Southridge Mall.
In 1995, the company surrendered Bellevue Center to its lender.
In 1998, the company sold The Mall at Tuttle Crossing, Hilltop Mall, Marley Station, Meadowood Mall, Lakeforest Mall, Briarwood Mall, Stoneridge Shopping Center, The Falls Mall, and Columbus City Center to GM Pension Trust. The company continued to manage the properties until 2003 when they were sold again.
In 1999, the company sold Rockaway Townsquare to Simon Property Group.
In 2003, Simon Property Group attempted to acquire the company via a hostile takeover.
In October 2014, the company sold The Mall at Partridge Creek, MacArthur Center, Northlake Mall, The Mall at Wellington Green, Stony Point Fashion Park, The Shops at Willow Bend, and Fairlane Town Center to Starwood Capital Group.
In April 2015, the founder, Alfred Taubman, died at the age of 91.
In 2016, the company sold The Shops at Crystals to Simon Property Group.
- "Taubman Centers, Inc. 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- Burke, Heather (April 18, 2015). "Alfred Taubman, Mall Developer, Ex-Sotheby's Chair, Dies at 91". Bloomberg L.P.(subscription required)
- Norris, Floyd (August 4, 1992). "Taubman Centers, a Mall Empire, to Go Public; Big Developer To Shed Debt In Stock Sale". The New York Times.(subscription required)
- Lee, Tien-Shun (October 10, 2011). "106 new stores to open at Queens Center Mall". TimesLedger Newspapers.
- "Taubman Sets Mall Deal With G.M. Fund". The New York Times. Bloomberg News. August 20, 1998.(subscription required)
- "Taubman, Rodamco Swap Interests in Twelve Oaks, Lakeside". CRE News. January 14, 2000.
- DAY, SHERRI; SORKIN, ANDREW ROSS (August 4, 1992). "Simon Group Gives Up Hostile Bid for Taubman Centers". The New York Times.(subscription required)
- "The Pier Shops at Caesars Transferred to the Mortgage Lender" (Press release). PR Newswire. November 14, 2011.
- "Regency Square Transferred to the Mortgage Lender" (Press release). PR Newswire. January 5, 2012.
- "Taubman Centers Sells Long Island Land And Interest In Arizona Mills To Simon Property Group" (Press release). PR Newswire. January 31, 2014.
- "Taubman Completes Sale of Seven Malls to Starwood Capital Group" (Press release). PR Newswire. October 17, 2014.
- "It's official: Sale of Country Club Plaza closes". The Kansas City Star. March 1, 2016.