Owner Of Mall Near Amazon HQ2 Lands $450M Refinancing Deal

A mixed-use use property near Amazon HQ2 featuring a shopping mall, hotel and office building is the collateral behind a huge new CMBS loan. 
The owner of Fashion Centre at Pentagon City, a joint venture of Simon Property Group and Institutional Mall Investors, landed $455M in CMBS debt from Wells Fargo, Commercial Observer reported, citing a Fitch Ratings analysis. 
The loan is backed by the 648K SF Fashion Centre at Pentagon City mall, plus the adjacent 170K SF Metro Tower at Pentagon City Office building and a fee interest in the adjacent Ritz-Carlton Pentagon City. The hotel itself, owned by Xenia Hotels & Resorts, was not part…

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