Chesterfield Towne Center sold to New York firm
Chesterfield Towne Center was built in 1975. (Photo courtesy of Chesterfield Towne Center)
CHESTERFIELD COUNTY, Va. (RichmondBizSense.com) – A New York REIT did its Christmas shopping in Richmond this year.
Rouse Properties last week acquired the 1 million-square-foot Chesterfield Towne Center from the Macerich Company, a REIT based in California. The deal had a total price tag of $292.5 million and included a second mall, the Centre at Salisbury in Maryland.
The two companies agreed to the deal in October and closed Dec. 11, according to a Rouse SEC filing. Rouse will take on $224.7 million in outstanding debt on the two properties and paid for the remaining $67.8 million in cash and new loans.