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| Simon Business Network Awards Its 'Seal of Superiority' To PCL Construction Services, Inc. |
| BURNSVILLE, MINNESOTA, December 16, 2002 – Simon Business Network™, the business to business division of Simon Property Group (NYSE:SPG), the nation's largest mall owner and manager of Mall of America in Bloomington, has recognized PCL Construction Services, Inc. with the Simon Business Network “Seal of Superiority” for outstanding quality service. PCL provides retail store and restaurant construction and remodels to SimonTM mall properties in the United States and Canada.
Simon Business Network developed the “Seal of Superiority” to acknowledge the efforts of independent contractors and product and service vendors who meet stringent quality standards, a distinguishing hallmark of the Simon portfolio. “We are extremely pleased to have been recognized by Simon Property Group and Simon Business Network,” said Terry Brickman, PCL's Business Development Manager. “Simon has a profound commitment to quality, and we find this to be a wonderful endorsement of the standards we aspire to in supporting our clients and their facilities.” “The Simon Business Network ‘Seal of Superiority' serves as an endorsement our vendors can use in their own business ventures,” said Scott Mumphrey, President of Simon Business Network. “This is one way that we can recognize and give something back to companies like PCL for their dedication to exceptional quality and service to Simon properties.” As the business to business division of Simon Property Group, Inc., the primary mission of the Simon Business Network is to aggressively secure and manage vendor relationships that help meet the facility management needs of Simon properties, retailers, developers and businesses outside the mall environment. PCL Construction Services, Inc. is one of Minnesota's largest and most diversified construction companies. Founded in 1906, the company serves clients in commercial, medical, institutional, high technology, and industrial market sectors. Geographically, PCL operates throughout North America. PCL, with head office located in Denver, Colorado, has district offices in Minnesota, California, Arizona, Florida, Colorado, and Washington State which enables PCL to provide excellent services to the Simon Business Network throughout the United States and Canada. Simon Property Group, Inc. (NYSE:SPG), headquartered in Indianapolis, Indiana, is a real estate investment trust engaged in the ownership and management of income-producing properties, primarily regional malls and community shopping centers. Through its subsidiary partnerships, it currently owns or has an interest in 248 properties containing an aggregate of 185 million square feet of gross leasable area in 36 states, as well as eight assets in Europe and Canada. Additional Simon Property Group information is available at www.shopsimon.com.
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