Mall mergers accelerate with buyout of GGP, Providence Place landlord

GGP INC., owner of the Providence Mall and the second-largest U.S. mall landlord, agreed Monday to be taken over by a unit of Toronto-based Brookfield Asset Management Inc. / PBN FILE PHOTO/MICHAEL SALERNO
GGP INC., owner of the Providence Mall and the second-largest U.S. mall landlord, agreed Monday to be taken over by a unit of Toronto-based Brookfield Asset Management Inc. / PBN FILE PHOTO/MICHAEL SALERNO
NEW YORK - As the age of Amazon takes its toll on retailers, mall owners are finding it may be better not to confront the turmoil on their own. GGP Inc., owner of the Providence Mall and the second-largest U.S. mall landlord, agreed Monday to be taken over by a unit of Toronto-based Brookfield Asset Management…

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