Centennial Real Estate Management has paid $199 million for the Westfield Valencia Town Center shopping mall in the Southern California city of Santa Clarita, Calif. It has assumed a $195 million CMBS loan that had matured and is being extended. Centennial is planning to redevelop the 30-year-old property.

The post Westfield Valencia Town Center Sells for $199Mln; $195Mln CMBS Loan Assumed appeared first on Commercial Real Estate Direct.