CHICAGO-A joint venture headed by Chicago-based General Growth Properties Inc. has refinanced Oakbrook Center, a 1.6 billion-square-foot mall in Oak Brook, with a $425-million loan. As part of the deal, the joint venture paid $199 million in CMBS loan that was expected to mature in October.
Oakbrook Center is one of nine properties the real property investment trust refinanced. General Growth also refinanced the Ala Moana Center in Honolulu and the Shoppes at the Palazzo and the Grand Canal Shoppes in Las Vegas. For the full story, go to Crain's Chicago Business .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
