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Chesterfield Towne Center sold to New York firm

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Posted at 9:58 AM, Dec 17, 2013
and last updated 2013-12-17 09:58:35-05

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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