Simon Property Group Announces Promotion of Gary Lewis To Executive Vice President of Leasing
INDIANAPOLIS, Apr 17, 2002 /PRNewswire-FirstCall via COMTEX/ -- Simon Property
Group, Inc. (NYSE: SPG) today announced the promotion of Gary Lewis to Executive
Vice President of Leasing. Mr. Lewis replaces James A. Napoli who recently left
the Company to spend more time with his family.
Mr. Lewis, 43, joined the Company in 1986 and has over 21 years of experience in
the retail real estate industry. In his new role he will be responsible for
directing the Company's leasing process in a manner that will increase revenue
and enhance the quality of the Company's mall portfolio. Additionally, he will
oversee the management and development of the leasing team at Simon.
"Gary brings exceptional negotiating and deal structuring skills to his new
position," said David Simon, Chief Executive Officer. "His leasing acumen has
contributed greatly to our success at several high-profile properties including
The Forum Shops at Caesars, Mall of America, Town Center at Boca Raton, Lenox
Square and The Shops at Mission Viejo. Over the years he has been instrumental
in helping Simon achieve unprecedented and consistent growth in tenant occupancy
and sales, and has become well-known and highly respected in the industry."
Responsibilities of three additional senior leasing executives of the Company
were also expanded.
-- Bruce Tobin, 48, has been promoted to the position of Senior Vice
President/Director of Leasing Services. He will continue to oversee the leasing
function for one of the Company's geographic regions and will also direct the
administrative aspects of the leasing process. Mr. Tobin began his real estate
career in 1979 at Corporate Property Investors ("CPI") and headed the leasing
function at CPI prior to joining the Simon organization at the time of the CPI
acquisition in 1998.
-- Ed Cronin, 55, Senior Vice President, will assume expanded responsibilities
which include oversight of the Company's Florida portfolio, Simon's largest
concentration of mall assets. Mr. Cronin has over 23 years of retail leasing
experience and has been with Simon since 1990.
-- Allen Kaplan, 59, Senior Vice President, will also serve in an expanded role
and will direct the overall activities of the leasing function for a newly
defined and expanded eastern region. Mr. Kaplan has been involved in the leasing
of shopping centers and major regional malls for over 23 years, most recently
with New England Development ("NED") where he headed the leasing function. Mr.
Kaplan joined Simon at the time of the NED acquisition in 1999.
Simon Property Group, Inc., headquartered in Indianapolis, Indiana, is a
self-administered and self-managed real estate investment trust which, through
its subsidiary partnerships, is engaged in the ownership, development,
management, leasing, acquisition and expansion of income-producing properties,
primarily regional malls and community shopping centers. It currently owns or
has an interest in 250 properties containing an aggregate of 186 million square
feet of gross leasable area in 36 states and eight assets in Europe and Canada.
Together with its affiliated management company, Simon owns or manages
approximately 192 million square feet of gross leasable area in retail and
mixed-use properties. Shares of Simon Property Group, Inc. are paired with
beneficial interests in shares of stock of SPG Realty Consultants, Inc.
Additional Simon Property Group information is available at www.shopsimon.com.
SOURCE Simon Property Group
CONTACT: Investors, Shelly Doran, +1-317-685-7330, or Media, Billie
Scott, +1-317-263-7148, both of Simon Property Group, Inc.