Page "The Galleria (Houston)" Paragraph 8

Marshall Field's sold its store to Saks Fifth Avenue in 1996, while the mall itself was sold by Hines Interests in 1999 to a partnership of Urban Shopping Centers, Inc. and institutional funds advised by Walton Street Capital, LLC.

The Walton Street affiliated funds separately purchased the office and hotel buildings at this time.

Urban, in turn, was purchased by Netherlands-headquartered real estate investment group Rodamco North America, N. V. in 2000.

Rodamco sold part of its stake in 2001 to the real estate investment arm of CalPERS as it tried to thwart a hostile takeover by a consortium including The Westfield Group and Simon Property Group.

Ultimately unsuccessful in preventing the buyout, Rodamco's ownership interest and management operation of the mall was acquired by Simon Property Group in early 2002.