America's 10 most valuable malls are bringing in billions in sales. Here's where they are

America's 10 most valuable malls are bringing in billions in sales. Here's where they are


Play all audios:


Shoppers walk through the Easton Town Center Mall in Columbus, Ohio. Luke Sharrett | Bloomberg | Getty Images The U.S. retail landscape has its fair share of underperforming, out-of-date


properties, but the highest-quality malls are still attracting shoppers in droves, raking in more than $1,000 per square foot, well above the industry's average. According to boutique


research firm Boenning & Scattergood, the 20 most valuable malls in America that are owned by real estate investment trusts bring in roughly $21 billion in retail sales annually.


So-called A malls owned by the likes of Simon Property Group, General Growth Properties, Macerich and Westfield have little to no vacancy today, thanks to those landlords and leasing agents


being quick to sign deals with new tenants as department stores and specialty apparel retailers flee. Spread across the U.S., from Hawaii to Las Vegas to New Jersey, America's best


malls often include food halls curated with local eateries, rotating pop-up exhibits to house e-commerce brands, popular off-price retailers, grocers and experiential venues. Industry


experts are watching to see how this list evolves over the next few years, with countless massive mall redevelopments underway, including Pennsylvania Real Estate Investment Trust's


Fashion District project in the heart of Philadelphia. "We hope that investors get a more granular understanding of the inherent value in the mall sector," Boenning &


Scattergood analyst Floris van Dijkum said. _Here are the most valuable REIT-owned malls in the country, based on an asset's value, according to Boenning & Scattergood._ 10.


ROOSEVELT FIELD MALL People are seen walking through Roosevelt Field shopping mall in Garden City, N.Y. Shannon Stapleton | Reuters TOTAL ASSET VALUE: $2.41 billion Sales per square foot:


$968 LOCATION: Garden City, New York OWNER: Simon Property Group 9. WESTFIELD GARDEN STATE PLAZA Shoppers walk through the Westfield Garden State Plaza mall in Paramus, N.J. Emile Wamsteker


| Bloomberg | Getty Images TOTAL ASSET VALUE: $2.71 billion Sales per square foot: $950 LOCATION: Paramus, New Jersey OWNER: Westfield 8. KING OF PRUSSIA MALL Shoppers carry bags outside the


King of Prussia Mall in King of Prussia, Pennsylvania. Paul Taggart | Bloomberg | Getty Images TOTAL ASSET VALUE: $2.77 billion Sales per square foot: $773 LOCATION: King of Prussia,


Pennsylvania OWNER: Simon Property Group 7. FORUM SHOPS AT CAESARS Mark Flores | Flickr TOTAL ASSET VALUE: $2.79 billion Sales per square foot: $1,616 LOCATION: Las Vegas, Nevada OWNER:


Simon Property Group 6. TYSONS CORNER CENTER Shoppers at Tyson's Corner Mall in Tyson Corner, Virginia Melanie Stetson Freeman | The Christian Science Monitor | Getty Images TOTAL ASSET


VALUE: $2.92 billion Sales per square foot: $980 LOCATION: McLean, Virginia OWNER: Macerich 5. FASHION SHOW Source: Fashion Show TOTAL ASSET VALUE: $3.06 billion Sales per square foot: $975


LOCATION: Las Vegas, Nevada OWNER: General Growth Properties 4. WOODBURY COMMON PREMIUM OUTLETS Woodbury Common Premium Outlets Emile Wamsteker | Bloomberg | Getty Images TOTAL ASSET VALUE:


$3.2 billion Sales per square foot: $1,624 LOCATION: Central Valley, New York OWNER: Simon Property Group 3. OAKBROOK CENTER The Container Store in Oakbrook Center, Oak Brook, IL. Source:


Google TOTAL ASSET VALUE: $3.5 billion Sales per square foot: $911 LOCATION: Oak Brook, Illinois OWNER: General Growth Properties 2. SAWGRASS MILLS Patrons leave a life-size house,


'Barbie The Dreamhouse Experience,' at Sawgrass Mills Mall in Sunrise, Florida. Amy Beth Bennett | Sun Sentinel | MCT | Getty Images TOTAL ASSET VALUE: $4.1 billion Sales per


square foot: $1,149 LOCATION: Sunrise, Florida OWNER: Simon Property Group 1. ALA MOANA CENTER A high school band performing on stage at the Ala Moana Center in Honolulu, Hawaii. Jeffrey


Greenberg | UIG | Getty Images TOTAL ASSET VALUE: $5.74 billion Sales per square foot: $1,450 LOCATION: Honolulu, Hawaii OWNER: General Growth Properties