Chesterfield Towne Center sold to New York firm

Chesterfield Towne Center was built in 1975. (Photo courtesy of Chesterfield Towne Center)

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.

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