Simon, a real estate investment trust and S&P 100 company, has announced the acquisition of the retail centre component of Phillips Place in Charlotte, North Carolina. This transaction, announced on 18 November 2025, sees Simon take ownership of the open-air retail space in the SouthPark neighbourhood. The retail centre spans 134,000 square feet and is famous for its specialty shops and dining. Phillips Place is a wider mixed-use destination that already included a 180+ room hotel owned by Simon, along with a multi-family residential component.