Simon Property Group sues Gap Inc. for unpaid rent

Mall ownership company Simon Property Group is suing Gap Inc. for more than $65.9 million in unpaid rent, according to a lawsuit filed Tuesday in Delaware state court. Simon Property Group, the largest shopping mall operator in the country, temporarily closed all of its retail properties in mid-March, including malls and outlets. Gap Inc. stores, including Gap, Banana Republic and Old Navy, comprise the largest rent-paying group in Simon Malls after anchor tenants, with more than 400 locations,…