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David Simon Of Simon Property Group Secures $178M Loan For Ellenton Premium Outlets Refinancing

Property Image
FINANCED
$178,000,000

Florida

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Retail476,487 SF
Financed 12/05/2025
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Property Image
FINANCED

David Simon Of Simon Property Group Secures $178M Loan For Ellenton Premium Outlets Refinancing

5461 Factory Shops Boulevard

See Similar Deals
Retail476,487 SF
Financed 12/05/2025
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$373
Total Square Footage:476,487 SF
Transaction Type:Loan

This transaction involves a retail property located at 5461 Factory Shops Boulevard in Ellenton, Florida. The asset spans a total of 476,487 square feet and is part of a center that is currently 83% leased. The refinancing of this property was executed with a large loan amount of $178,000,000.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $178,000,000
  • Address: 5461 Factory Shops Boulevard
  • Market: Ellenton
  • Asset Size: 476,487 sq. ft.
  • Lender: Bank of America & Société Générale
  • Landlord: David Simon - Simon Property Group
  • Major Tenants: VF Factory Outlet, Saks Off 5th, Kate Spade, Coach, Polo Ralph Lauren, and Adidas
  • Mid-Year Net Cash Flow: $8.07M

The deal involved Simon Property Group, which is represented by David Simon, who serves as the landlord. The refinancing was aimed at retiring three CMBS notes associated with the retail center, showcasing the financial activities surrounding the property.

Players

Societe Generale
Societe Generale
LENDER
Bank of America
Bank of America
LENDER
Simon Property Group
Simon Property Group
LANDLORD

Details

FINANCED
IMAGE: IMAGE: David Simon DATE: 12/05/2025 ADDRESS: 5461 Factory Shops Boulevard MARKET: Ellenton ASSET TYPE: Retail ~ SF: 476,487 LENDER: Bank of America (@BankofAmerica) & Societe Generale (@SocieteGenerale) LANDLORD: David Simon - Simon Property Group (@SimonPropertyGroup) LOAN AMOUNT: $178,000,000 NOTE: Simon Property Group refinanced its Ellenton Premium Outlets in Ellenton, Fla., with a $178M loan from Bank of America and Société Générale, retiring three CMBS notes tied to the 476,487-sf center at 5461 Factory Shops Blvd. The REIT—owner/landlord of the 83%-leased property—reported $8.07M in mid-year net cash flow, with major tenants including VF Factory Outlet, Saks Off 5th, Kate Spade, Coach, Polo Ralph Lauren, and Adidas.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$178,000,000.00

Monthly NOI$1,186,666.67
Monthly Debt Service$1,125,081.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00