PLANO - The 1.38 million-sf Shops at Willow Bend mall is being sold in a portfolio buy to investor Starwood Capital Group.
Starwood Retail Partners will pay $785 million cash and assume or repay $620 million of debt in the deal expected to close in fourth quarter.
Major tenants include Neiman Marcus, Dillard’s, Macy’s and Crate & Barrel.
The Plano mall is one of seven shopping centers around the country that Starwood is acquiring from Michigan-based Taubman Centers Inc.
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