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Kennedy Wilson invested approximately $11 million of equity, including closing costs, and secured a $14-million loan from Freddie Mac at a fixed rate of 4.33% for 10 years.
The first BrandBox location will open this weekend at Tysons Corner Center with Winky Lux, Naadam, Interior Define, Nectar Sleep, DKNY, and UrbanStems as participating retailers. Additional locations are expected to open in 2019 at select Macerich properties.