By  on April 6, 2007

The Pyramid Cos., which owns 20 malls in the Northeast generating about $5 billion in annual sales, is evaluating strategic alternatives for 16 properties in its portfolio.

The privately held company has retained Goldman Sachs to study the possibilities for its malls in New York and Massachusetts, said Tim Ahern, an independent trustee for the Congel family trust, which controls the properties. A sale is also an option.

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