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GGP Puts Centers on the Block

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General Growth Properties Inc., the Chicago-based shopping-mall owner that is trying to sell real estate to pay debt, put up for sale South Street Seaport in Manhattan, Faneuil Hall Marketplace in Boston and Harborplace & the Gallery in Baltimore.

General Growth hired broker DTZ Rockwood to market the three properties. The New York-based firm began advertising the portfolio this week, said John Coury, a DTZ Rockwood associate vice president who is working on the sale. No price was set for the properties, he said.

"We did send out the flier this week, so it's really early in the process," Coury said Thursday.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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