(For more retail coverage, click GlobeSt.com/RETAIL.)
STOCKTON, CA-Glimcher Realty Trust recently completed a$60-million permanent mortgage loan financing on the WeberstownMall here. The loan replaces a previous $19-million financing onthe 850,000-sf center that matured on May 1. The new mortgage loanhas an interest rate of 5.90% and matures in 10 years with noamortization.
One of the dominant shopping destinations in California'sCentral Valley, Weberstown Mall is anchored by the state's firstDillard's store as well as JC Penney, Sears, and Barnes &Noble. Some of the other 70 tenants include American EagleOutfitters, Anchor Blue, The Children's Place, Finish Line,Gap/babyGap/GapKids, Journeys, Limited Too, Disney Store, Barnes& Noble, California Pizza Kitchen, Talbots and Victoria'sSecret.
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