Wikimedia Commons/John Phelan The Square One Mall in Saugus, Massachusetts.
Last week, Simon relinquished its ownership of an Atlanta mall in a foreclosure auction that saw no bids. In November, the REIT ceded control of at least four other mall properties it controlled. This week, according to Fitch Ratings, the mall operator is over 60 days delinquent on an $85.6M loan backing a Boston-area mall for the second time in four months.
The news comes after a dim earnings report Monday, in which Simon reported a $1B drop in revenue and income from 2019 to 2020. In the company’s earnings call Monday evening, Chairman and CEO David Simon acknowledged that it will work with lenders who are open to taking over some of the REIT’s underperforming malls.
Trader Joe s: Will be closed Christmas Day.
Whole Foods Market: Check online for your local store but locations will be closed Christmas Day.
Milam’s Market: Will be closed Christmas Day.
Winn-Dixie: Closed Christmas Day.
Sedano s: All stores will be open Christmas Day until 6 p.m. except stores located at 3925 Palm Ave. in Hialeah and 12175 SW 26th St. in West Miami-Dade, which will be open until 8 p.m.
Presidente Supermarket: Stores will be open Christmas Day from 7 a.m. to 6 p.m.
PHARMACIES
Walgreens: Most locations will be open Christmas Day. The majority of pharmacies will remain closed Christmas Day. Check here for more info.