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Loans Tied to One of Oldest US Malls, Owned by Simon Properties, Seen At Risk

Occupancy At 67% for Southdale Center Near Minneapolis, Fitch Reports

Life Time Fitness remade a former JC Penney store at at Edina, Minnesota's Southdale Mall into a multilevel gym and coworking space. (CoStar)
Life Time Fitness remade a former JC Penney store at at Edina, Minnesota's Southdale Mall into a multilevel gym and coworking space. (CoStar)

One of the United States' first climate-controlled, enclosed shopping malls is showing signs of serious financial stress, indicating that even retail centers with the longest track records, upscale locations and adaptable owners are struggling to stay ahead in the pandemic.

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