Palm Beach Outlets' Uniqueness Facilitates $165 Million Financing
HFF director Chris Drew said the sheer size of Palm Beach Outlets and the lack of nearby competition make it "an unbelievable development."
August 04, 2015 at 07:00 AM
5 minute read
Dealmaker: Chris Drew
The Deal: The HFF director arranged $165 million in financing that cleared the way for New England Development and Clarion Partners to acquire Palm Beach Outlets, a sprawling open-air outlet mall in West Palm Beach.
Cornerstone Real Estate Advisers LLC, a member of the MassMutual Financial Group, provided the long-term, fixed-rate loan that closed May 28.
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