JLL Capital Markets arranged the $60M sale of and $36.27M acquisition loan for the grocery- and Target-anchored University Mall in Burlington, Vermont.
A venture between Eastern Real Estate and Taconic Capital has landed $36.27 million in debt financing that it will put toward the $60 million purchase of a high-traffic mall in Burlington, Vermont, according to borrower-side broker JLL Capital Markets Thursday.
A venture between Eastern Real Estate and Taconic Capital has landed $36.27 million in debt financing that it will put toward the $60 million purchase of a high-traffic mall in Burlington, Vermont, according to borrower-side broker JLL Capital Markets Thursday.
Taconic Capital Advisors and Eastern Real Estate have partnered to acquire University Mall in South Burlington. The 617,000-square-foot shopping destination is the largest in Vermont, as well as the most-visited in the state, with an estimated 3.9 million annual visitors. The property features an 85,500-square-foot JCPenney, an 86,000-square-foot Kohl’s, a.
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