SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): June 27, 1996
TAUBMAN CENTERS, INC.
(Exact Name of Registrant as Specified in its Charter)
MICHIGAN
(State or Other Jurisdiction of Incorporation)
1-11530 38-2033632
(Commission File Number) (I.R.S Employer Identification Number)
200 East Long Lake Road, Bloomfield Hills, Michigan 48304
(Address of Principal Executive Office) (Zip Code)
(810) 258-6800
(Registrant's Telephone Number, Including Area Code)
None
(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other matters.
The following is the text of a press release issued by Taubman Centers,
Inc., the managing general partner of The Taubman Realty Group Limited
Partnership, on June 27, 1996.
TAUBMAN COMPLETES ACQUISITION OF PASEO NUEVO
California Property Is Company's 20th Mall
BLOOMFIELD HILLS, Mich., June 27 -- Taubman Centers, Inc. (NYSE:TCO) today
announced that The Taubman Realty Group Limited Partnership (TRG) has completed
the acquisition of Paseo Nuevo shopping center in Santa Barbara, California. As
previously reported, the purchase price was $37 million.
Taubman Centers, Inc., a real estate investment trust, is managing general
partner of TRG, which owns, develops, acquires and operates regional shopping
centers nationally.
Paseo Nuevo is a 463,000 square foot open air center with 137,000 square
feet of mall tenant area. Located in the heart of Santa Barbara's downtown
retail district, it is anchored by Macy's and Nordstrom.
Taubman has assumed management and leasing responsibility for Paseo Nuevo.
The center is the 20th property in the TRG portfolio, which includes urban and
suburban regional and super regional malls in 11 states.
# # #
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
TAUBMAN CENTERS, INC.
Date: June 28, 1996 By: /s/ Bernard Winograd
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Bernard Winograd
Executive Vice President
