Sioux City's Southern Hills Mall will get new ownership - KTIV News 4 Sioux City IA: News, Weather and Sports

Sioux City's Southern Hills Mall will get new ownership

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Sioux City's Southern Hills Mall will get new ownership.

Friday, during a conference call, Simon Property Group announced a plan to spin off all of it's strip center businesses, and smaller enclosed malls into an independent, publicly-traded real estate investment trust called SpinCo.

The deal involves 98 properties in 23 states, including Southern Hills.

The deal could be filed with the Securities and Exchange Commission before the end of the year.

Simon expects the deal to get done in the second-quarter of 2014.
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