23
December
2008
December
2008
General Growth has announced (according to banker and tradesman) that they are going to be putting their Fanuel Hall property up for sale.
The Skinny:
* Generates $102 million plus in retail sales
* 90 percent occupied
* 350,980 sq. ft total / 155,333 office.
DTZ’s Rockwood team is handling the investment sale. According to Bloomberg, as of Sept. 30, General Growth was carrying a debt load of $25 billion in mortgages, loans and notes.
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