Washington Prime Group
Washington Prime Group is a real estate investment trust (REIT) that owns, manages and develops regional shopping centers and retail real estate across the United States. The company focuses on generating rental income from a mix of national, regional and local tenants and managing property operations and redevelopment initiatives.
Layoff timeline
1 EVENTWashington Prime Group, owner of Polaris Fashion Place in the Columbus area, is laying off 139 workers at its corporate headquarters as it moves to shed essentially all of its shopping-center portfolio and sell properties including the north suburban Polaris mall. A company spokesperson said the cuts accompany the plan to sell its malls across the country. The layoffs affect staff based at the Columbus headquarters rather than store-level employees. The article frames the workforce reduction as part of a broader portfolio-divestment strategy. No specific implementation date or severance details were provided in the article.
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