RENO, NV-Meadowood Mall SPE LLC has secured a 10-year, fixed-rate loan through Goldman Sachs Commercial Mortgage Capital LP on Meadowood Mall, a regional mall here in Reno, NV. Holliday Fenoglio Fowler worked on behalf of the borrower.
The loan is replacing maturing debt on the property. Meadowood Mall, LLC includes entities partially owned by Simon Property Group/the Mills Ltd. Partnership.
Meadowood Mall is located at 5000 #1 Meadowood Mall Circle off Highway 395 in Reno. The property is close to Reno International Airport, the Reno/Sparks Convention Center and the Peppermill and Atlantis Casino Hotels.
Anchors at the mall include Macy’s South, Sports Authority, Macy’s North, JCPenney and Sears. The HFF team representing the borrower included executive managing director John Pelusi, managing director Claudia Steeb and director Tina Derderian.
As GlobeSt.com previously reported, the Mills Corp. purchased the mall as part of its $1-billion acquisition of regional malls from General Motors Asset Management LLC. The deal, gave Mills a 50% interest in nine properties across the country, one of which was Meadowood Mall. Mills, known for its large value megamalls, first started acquiring traditional malls in 2002, when the company bought six properties for $621 million.
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