GGP Inc., a Chicago-based company that owns 125 malls across the U.S., including five Houston-area malls, announced March 26 that is has agreed to be acquired by Brookfield Property Partners LP. The deal is expected to close in third quarter 2018. An acquisition price has not been announced. The following local malls will be affected by the change of ownership: Baybrook Mall 500 Baybrook Mall Drive, Friendswood 281-488-4627 www.baybrookmall.com Deerbrook Mall 20131 Hwy. 59 N., Humble 281-446-5300 www.shopdeerbrookmall.com First Colony Mall 16535 Southwest Fwy., Sugar Land 281-265-6123 www.firstcolonymall.com Willowbrook Mall 2000 Willowbrook Mall, Houston 281-890-8000 www.shopwillowbrookmall.com The Woodlands Mall 1201 Lake Woodlands Drive, The Woodlands 281-363-3409 www.thewoodlandsmall.com For more information, about the BPY and GGP merger, click here.