TAYLOR, MI-On the for-sale block as early as last year, the 900,000-square-foot Southland Center mall here has instead been refinanced by its new owner, New York City-based Rouse Properties Inc., for $78.7 million. The mall is one of the non-core malls that Chicago-based General Growth Properties discarded into the new Rouse spin-off company earlier this year.

The mall on Eureka Road was built in 1970 as the newest of the four original regional malls in the Detroit area. Anchors include Macy’s, JCPenney and Best Buy. Last week, Rouse announced that retailer Forever 21 has signed a lease to take over a former 22,500-square-foot Borders space at the property.

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