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Real Estate Investment Trusts

Real Estate
Garden State Plaza Is 9th Most Lucrative Mall In The U.S. Garden State Plaza Is 9th Most Lucrative Mall In The U.S.
Garden State Plaza Is 9th Most Lucrative Mall In The U.S. PARAMUS, N.J. -- A new study by boutique research firm Boenning & Scattergood for CNBC found that Westfield's Garden State Plaza is among the top 10 most lucrative in the U.S. The 20 most valuable malls in the country owned by real estate investment trusts bring make nearly $21 billion in retail sales a year, the study says. Paramus' own Garden State Plaza is the ninth most lucrative in the U.S., has a total asset value of $2.71 billion a year, according to Boenning & Scattergood. The mall has $950 per square foot. The Woodbury Commons in Central Valley, N.Y. comes in at No. 4 on t…

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by Cecilia Levine