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.
Share new hires, promotions and employee accolades with the region's business leaders.
Up-to-the-minute business news, thoughtful analysis and valuable strategic insights for Milwaukee and Southeastern Wisconsin business leaders.
Copyright © 2025 BizTimes - Milwaukee Business News. All Rights Reserved.
Holiday flash sale!
Limited time offer. New subscribers only.
Subscribe to BizTimes Milwaukee and save 40%
Holiday flash sale! Subscribe to BizTimes and save 40%!
Limited time offer. New subscribers only.
