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$28m financing recapitalizes Niagara Falls outlets.(FINANCE)
Real Estate Weekly
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September 3, 2008
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Wien & Malkin Strategic Capital V (SC V) has participated in a $28 million preferred-equity investment that recapitalizes the 530,000 s/f Fashion Outlets of Niagara Falls shopping mall in Niagara Falls, N.Y. SC V invested $14 million.
The funds, together with new senior financing, are being used to retire a senior loan balance and for tenant improvements associated with newly executed and future leases.
Situated about two miles from the world-famous falls, and 17 miles from downtown Buffalo, the mall is anchored by Marshall's and Saks. Its roster of more ...
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