TIAA And Simon Property Group Secure $615M Loan For The Florida Mall In Orlando
8001 South Orange Blossom Trail
$615,000,000
$361/SF
Building Size
1,700,000 SF
Asset Type
Retail
Closing
Feb 4, 2026
About this deal
AI
The Florida Mall is a retail asset located at 8001 South Orange Blossom Trail in the Orlando market. This super-regional mall encompasses a total square footage of 1,700,000 and is situated on 142 acres of land. The asset is set to undergo refinancing through a substantial loan arrangement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $615,000,000
- Asset Address: 8001 South Orange Blossom Trail
- Market: Orlando
- Square Footage: 1,700,000 SF
- Acres: 142
- Lender: Bank of America, German American Bank, Societe Generale, BNP Paribas & PNC Bank
- Landlord: Thasunda Brown Duckett - TIAA; David Simon - Simon Property Group
- Loan Terms: Two-year note with three one-year extension options
The financing arrangement involves TIAA and Simon Property Group securing the loan to refinance a $600 million Barclays CMBS issued in 2022. This refinancing is focused particularly on a portion of the mall, covering 1.1 million square feet of the property. The loan is anticipated to close on February 18.
On the Map
$615,000,000
$361/SF
Retail
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Players
Orlando Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93