Vornado Realty (VNO) Completes $300M Financing of New Jersey Outlet Center

March 26, 2013 4:56 PM EDT
Vornado Realty Trust (NYSE: VNO) has completed a $300 million financing of the Outlets at Bergen Town Center, a 948,000 square foot shopping center located in Paramus, New Jersey.

The 10-year loan is interest-only at 3.56%. The property was previously encumbered by a $282 million floating-rate loan.

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