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CHICAGO — Chicago-based General Growth Properties (GGP) has sought additional relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. The additional relief was sought for certain subsidiaries, including eight regional shopping centers. On April 16, 2009, GGP announced that it was seeking voluntary relief under chapter 11 to reduce and restructure its debts for approximately 158 regional shopping centers and certain other subsidiaries. Other subsidiaries, including GGP's third-party management business and GGP's joint ventures, have not filed for protection. All day-to-day operations and business of all of GGP's shopping centers and other properties will continue as usual. According to a statement from Adam Metz, chief executive officer of GGP, the additional filings were part of an overall plan to restructure the company’s debt. He notes that the company does not currently plan to file any other subsidiaries for additional protection, but that could change during the restructuring process.

The properties seeking relief in the filing include:

Retail Properties
• Capital Mall (Jefferson City, Missouri)
• Columbiana Centre (Columbia, South Carolina)
• Gateway Mall (Springfield, Oregon)
• Grand Traverse Mall (Traverse City, Michigan)
• Greenwood Mall (Bowling Green, Kentucky)
• Mondawmin (Baltimore, Maryland)
• Park City Center (Lancaster, Pennsylvania)
• Running Brook Convenience Center (Columbia, Maryland)
• The Crossroads Mall (Portage, Michigan)

Office Properties
• 10 Columbia Corporate Center (Columbia, Maryland)
• 20 Columbia Corporate Center (Columbia, Maryland)
• 30 Columbia Corporate Center (Columbia, Maryland)
• Columbia Association Center (Columbia, Maryland)
• Columbia Exhibit Building(Columbia, Maryland)
• Columbia Ridgely Building #3 (Columbia, Maryland)

— Stephanie Mayhew Specht

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