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March 19, 2008

Forest City Closes $160 Million Refinancing for The Galleria at Sunset

ad hoc news

CLEVELAND--(BUSINESS WIRE)--

Forest City Enterprises, Inc. (NYSE:FCEA) (NYSE:FCEB) today announced that a subsidiary of the Company has closed on a 10-year, $160 million loan with New York State Teachers Retirement System to refinance The Galleria at Sunset, a 1,048,000 square-foot retail center in Henderson, Nev. The center, which is home to anchor stores Dillard's, Macy's, Mervyn's, Dick's Sporting Goods, and JCPenney, opened in 1996.

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Posted by lumi at March 19, 2008 4:20 AM