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Crabtree Valley Mall

Raleigh, NC

First Fidelity arranged new senior secured financing for this dominant regional mall in eastern North Carolina owned by a separate-account client of Clarion Partners.  The $240 million 10-year loan was provided by a major life insurance company, the proceeds of which were used to repay existing maturing debt and fund ongoing capital spending programs.  The Mall has over 1,350,000 square feet anchored by Belk's, Macy's and Sears. 

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Crabtree Valley Mall