Services today for General Growth co-founder Matthew Bucksbaum
Tuesday, November 26, 2013 10:31 AM
Matthew Bucksbaum, the Marshalltown native who co-founded shopping center colossus General Growth Properties Inc., died Sunday of respiratory failure. He was 87. Funeral services are at 1:30 p.m. at Temple B'nai Jeshurun in Des Moines. Burial will be at Glendale Cemetery, followed by a reception at the temple. Bucksbaum and his brothers founded a retail development company that spun out of a family-owned grocery business in Marshalltown. That company became General Growth Properties in 1970 and was based in Des Moines for several years before moving to Chicago. Bucksbaum and his family lived in Des Moines from 1959 to 2000. The Bucksbaums built the state's first shopping center, and their second center, in Bettendorf. It was the first to feature a department store anchor at a time of rapid expansion in the shopping mall industry. After building malls in other Iowa communities in which Younkers was the anchor tenant, the board chairman of Younkers asked the Bucksbaums to move to Des Moines in 1964 to assume the management of a publicly held real estate firm, according to Matthew Bucksbaum's obituary. General Growth Properties is the owner and operator of Jordan Creek Town Center in West Des Moines. The company also developed Southridge Mall in Des Moines.