trending Market Intelligence /marketintelligence/en/news-insights/trending/MbZlq1dEZjHX_aNtUKOuew2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Macerich secures $300M refinancing for Illinois outlet center

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Macerich secures $300M refinancing for Illinois outlet center

California-based Macerich Co. obtained a $300 million refinancing from MetLife for its Fashion Outlets of Chicago in Rosemont, Ill., ahead of a major expansion of the shopping mall, The Real Deal reported, citing Cook County records.

The 12-year, fixed-rate loan, which closed Jan. 10, replaced a $200 million floating-rate loan, the Jan. 17 report added, citing Macerich executives.

The real estate investment trust entered into an agreement in 2018 to extend the 538,000-square-foot asset by at least 225,000 square feet.

Tenants at the outlet center include department store chains Bloomingdale's and Neiman Marcus, Nike and fashion retailer Nordstrom Rack.

A Macerich spokesperson did not answer a request for comment, the publication added.