«The shopping centers are well - located at major intersections within densely populated communities, which we know extremely well, and are
an excellent strategic fit with our current Southern California portfolio,» said ROIC President and CEO Stuart A. Tanz in a statement.
Simon Chairman and CEO David Simon said in a statement, «The Prime Outlets portfolio is
an excellent strategic fit and presents a compelling opportunity for Simon to benefit from shoppers» increased demand for discounted brand - name merchandise.
Preston Chiaro, group executive, Technology & Innovation, said that the California project is
an excellent strategic fit for Rio Tinto as it will use coal or petcoke as a feedstock.