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General Growth Properties Inc. has more than doubled the amount of debt on the Oakbrook Center mall as part of a $3.1 billion refinancing of nine properties.
A joint venture led by the Chicago-based mall owner refinanced the 1.6-billion-square-foot property in Oak Brook with a $425 million loan, according to a General Growth news release Monday. As part of the transaction, the joint venture paid off a $199 million commercial mortgage-backed securities loan that was set to mature in October.
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