Taubman: The Mall at University Town Center in Sarasota Named “Best Retail Development, Florida”

Center honored as it celebrates its one-year anniversary

BLOOMFIELD HILLS, Mich., 2015-10-8 — /EPR Retail News/ —  The Mall at University Town Center (UTC) has two milestones to celebrate this month – its one year anniversary on October 16, and receiving recognition as the “Best Retail Development, Florida” by the International Property Awards.

With this win UTC, owned and managed by Taubman in partnership with Benderson Development Inc., is now in the running for the IPA’s “Best Retail Development, Americas” and “Best Retail Development, World” honors that will be announced on October 23.

“We received numerous submissions for outstanding developments,” said Stuart Shield, president of the UK-based International Property Awards. “These impressive projects are not only attractive to the eye, they are highly functional, eco-friendly and feature state-of-the-art technology.”

Ron Loch, AIA, vice president, planning and design for Taubman, led the design vision for the project, one of the company’s crown jewels.

“We are very proud to receive such prominent recognition for The Mall at University Town Center,” said Loch. “We were passionate about creating a center where modern architecture, natural-light filled spaces and sustainable design would set a warm and inviting stage for our customers to experience world-class shopping and dining.”

Judging for the International Property Awards was conducted by a panel of more than 70 experts from all over the world, and was chaired by two members of the House of Lords: Lord Caithness and Lord Best.

About The Mall at University Town Center
Located at I-75 and University Parkway, this world-class fashion and dining destination features approximately 860,000 square feet of retail space with Saks Fifth Avenue, Macy’s, Dillard’s and more than 100 specialty stores and restaurants. Showcasing many distinctive retailers not found anywhere else in the local market, the center offers visitors a diverse mix of upscale, fashion and lifestyle retailers, popular favorites, sit-down restaurants and a children’s play area. For a complete list of retailers, information and updates, visit www.mallatutc.com. Like us onFacebook: www.facebook.com/MallatUTC.

About Taubman
Taubman Centers, Inc. (NYSE: TCO) is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 22 regional, super-regional and outlet shopping centers in the U.S. andAsia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Taubman is currently developing four properties in the U.S. and Asia totaling 4.1 million square feet. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered inHong Kong. www.taubman.com.

For ease of use, references in this press release to “Taubman Centers,” “company,” “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management’s current views with respect to future events and financial performance. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks and uncertainties.You should review the company’s filings with the Securities and Exchange Commission, including “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.

Source: Taubman Centers, Inc.

Maria Mainville, Taubman, Director, Strategic Communications, 248-258-7469, mmainville@taubman.com

or

Ryan Hurren, Taubman, Director, Investor Relations, 248-258-7232, rhurren@taubman.com

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