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Eden Prairie, Minn. — HFF has arranged an $86 million refinancing for Eden Prairie Center, a 1.14 million-square-foot super-regional mall in the Minneapolis suburb of Eden Prairie.
Trey Morsbach and Timothy Joyce of HFF worked on behalf of the borrower, Cypress Equities, to secure the five-year, floating-rate loan with MetLife. Loan proceeds will be used to pay off the existing debt and for capital investment at the property.
The 98-percent leased mall is home to tenants including JC Penney, Von Maur, AMC18 Theatre, Target, Kohl’s, Sears, Barnes & Noble, The Children’s Place, Sunglass Hut and Panera Bread.