Retail giant Macerich has landed a $487 million refinancing for its Kings Plaza Shopping Center amid a bleak environment for malls. The money for the recently redeveloped Brooklyn mall came from JPMorgan Chase and includes almost $60 million in new financing, according to property records. Macerich had alluded to an expected refinancing of Kings Plaza in its third quarter earnings call, but the company did not specify the lender or the price. Representatives for Macerich
source https://therealdeal.com/2019/12/11/macerich-lands-nearly-500m-refi-for-kings-plaza-shopping-center/
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