HFF Secures $100 Million Refinancing for Fox Valley Mall in Metro Chicago

Carson Pirie Scott, Macy’s, Sears and JCPenney anchor Fox Valley Mall in the Chicago suburb of Aurora. (Image courtesy of Wikimedia Commons) Carson Pirie Scott, Macy’s, Sears and JCPenney anchor Fox Valley Mall in the Chicago suburb of Aurora. (Image courtesy of Wikimedia Commons)

Aurora, Ill. — HFF has secured a $100 million refinancing for Fox Valley Mall, a 1.4 million-square-foot enclosed regional mall located in the Chicago suburb of Aurora.

Carson Pirie Scott, Macy’s, Sears and JCPenney anchor the mall, which is 93 percent leased to tenants including H&M, Victoria’s Secret, Charming Charlie and Books-A-Million.

Claudia Steeb, Jim Curtin, Brandi Welsch, Timothy Joyce and Christopher Knight of HFF worked on behalf of a joint venture partnership between Centennial Real Estate Co., Montgomery Street Partners, USAA Real Estate Co. and Westfield America to place the five-year loan.

A lender group led by J.P. Morgan Chase Bank N.A. and participant lenders Aareal Capital Corp. and CIT Bank N.A. provided the financing. Proceeds were used to pay off an existing CMBS loan.

More News