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Owner of Muncie Mall buys rival for $3.6 billion

Simon Property Group, the largest owner of malls in the U.S., has purchased its rival, Taubman Centers, for $3.6 billion. Simon has several malls throughout Indiana, including the Muncie Mall and Circle Centre in Indianapolis.

Taubman owns or manages malls, including the Beverly Center in Los Angeles and the Dolphin Mall in Miami.

Simon has several malls throughout Indiana, including Circle Centre in Indianapolis, the Greenwood Park Mall, Tippecanoe Mall in Lafayette, the Muncie Mall, College Mall in Bloomington and University Park Mall in South Bend.

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