Key Takeaways SPG acquired Phillips Place, a 134,000-square-foot open-air retail center in Charlotte.The company plans upgrades through new offerings, merchandising, and ongoing improvements.Simon Property continues its strategy of premium acquisitions and transformative redevelopments.Simon Property Trust (SPG) announced that it has acquired Phillips Place in the heart of the SouthPark neighborhood of Charlotte, NC.Phillips Place is an open-air retail center with nearly 134,000 square feet of space. It is ...