Indianapolis -- Simon Property Group will assume leasing, management, and marketing duties at The Shops at Montebello, in Rosemead, Calif., effective Feb. 1.
"We are pleased to take on the property management functions of this high-quality asset at the request of the institutional owner," said Rick Sokolov, Simon's president and COO.
The Shops at Montebello is a regional enclosed mall built in 1985 with approximately 758,000 sq. ft. It was recently renovated to increase the attractiveness of mall entrances and common areas.