Jean Marie Tritant Of Unibail-Rodamco-Westfield Secures $925M Refinancing For Westfield Century City Mall

The asset involved in this transaction is a retail property located at 10250 Santa Monica Boulevard in Los Angeles. It encompasses a significant area of 1,400,000 square feet, situated on 19 acres of land. The property is currently valued at approximately $2.04 billion, with Unibail-Rodamco-Westfield having purchased it in 2002 for $165 million. The shopping center, originally built in 1964, has undergone extensive renovations, the most recent completed in 2017 at a cost of $1 billion.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $925,000,000
• Loan Type: Refinance
• Loan Terms: five-year
• Lender: Bank of America, Goldman Sachs, Morgan Stanley, Santander Bank & Deutsche Bank
• Landlord: Jean Marie Tritant - Unibail-Rodamco-Westfield

This refinancing deal allows Unibail-Rodamco-Westfield to replace a 2023 CMBS set to mature in August, thereby providing necessary financial stability for the Westfield Century City mall. This strategic move is backed by several prominent financial institutions, reflecting the importance of this asset in their portfolios.