Martin Bucksbaum

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Martin Bucksbaum
Bornc. 1920
DiedJuly 7, 1995
OccupationBusinessman
Spouse(s)Melva Bucksbaum
Children2 sons, 1 daughter
Parent(s)Louis Bucksbaum
Ida Gervich
RelativesMatthew Bucksbaum (brother)

Martin Bucksbaum (c. 1920 – July 7, 1995) was an American business executive. He served as the chairman and chief executive officer of GGP Inc., a publicly traded real estate investment trust that invests in shopping centers.

Early life[edit]

Bucksbaum was born circa 1920. His father, Louis Bucksbaum, owned three grocery stores in Marshalltown, Iowa.[1] He had two brothers, Matthew and Maurice.[2] Bucksbaum served in the United States Army during World War II.[1]

Career[edit]

With his brothers Matthew and Maurice, Bucksbaum took a $1.2 million loan to develop Town & Country in Cedar Rapids, Iowa in 1953. At the time, it was one of the first malls in the United States. In 1954, the three brothers co-founded General Growth Properties, now known as GGP Inc.. Bucksbaum served as its chairman and chief executive officer. By 1995, the company owned 21 malls in the US.[2] In Iowa, the malls that Bucksbaum helped develop were located in small towns like Waterloo, Bettendorf, Council Bluffs, Davenport, Sioux City, Cedar Falls, Keokuk, West Burlington, Muscatine as well as cities like Ames and Des Moines. [1]

Bucksbaum served on the board of directors of the Offitbank. He was a member of the International Council of Shopping Centers and a governor of the National Association of Real Estate Investment Trusts.[1]

Personal life, death and legacy[edit]

Bucksbaum married Melva Venezky. They had two sons, Gene and Glenn, and a daughter, Mary. They resided in Des Moines, Iowa.[2] Bucksbaum served on the board of governors of Drake University as well as the national committee of the Whitney Museum of American Art.[1] He was a member of the Marshalltown Masonic Lodge.[1]

Bucksbaum died of a heart attack on July 7, 1995, in Des Moines, Iowa, at 74.[1][2] His funeral was held at Temple B'Nai Jeshurun, and he was buried in the Jewish Glendale Cemetery.[1]

Shortly after his death, Bucksbaum was succeeded as chairman and CEO of GPP by his brother Matthew Bucksbaum.[3]

References[edit]

  1. ^ a b c d e f g h Fogarty, Thomas A. (July 9, 1995). "Shopping center developer Bucksbaum dies". The Des Moines Register. pp. 1B, 4B. Retrieved July 14, 2018 – via Newspapers.com.
  2. ^ a b c d Strom, Stephanie (July 10, 1995). "Martin Bucksbaum, 74, Pioneer In Shopping Center Development". The New York Times. Retrieved July 14, 2018.
  3. ^ Kasler, Dale (July 11, 1995). "Life, and business, go on. General Growth looks to future without Martin Bucksbaum". The Des Moines Register. Des Moines, Iowa. p. 16. Retrieved July 14, 2018 – via Newspapers.com.