Landlord WPG to sell rest of its malls, shopping centers across the country; company says it will cut more than 130 workers at its Ohio headquarters

4/15/2025

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CoStar

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• Subcategory: Retail: Shopping

• Tag: Closing | Strategy

• Additional Filters-Subcategory: Retail: Community Center, Retail: Mall, Retail: Neighborhood Center

• Company: Washington Prime Group (NYSE: WPG)

Retail landlord WPG, the owner of malls and shopping centers around the country, said it's selling its remaining properties and laying off 139 employees at its headquarters, winding down its business nearly four years after filing for bankruptcy protection.

The Columbus, Ohio-based real estate firm has divested about half of its malls and shopping centers in the past year "while the remainder of the portfolio is or will soon be on the market," a company spokesperson told CoStar News in an email on Tuesday. It has sold roughly $1 billion in properties in the past several years, according to CoStar data. WPG, formerly Washington Prime Group, wouldn't say how many properties it has, but its website lists 50.