FOREST CITY CLOSES $160 MILLION REFINANCING FOR THE GALLERIA AT SUNSET

HENDERSON, NEV. — Forest City Enterprises, on behalf of a subsidiary, has closed on a 10-year, $160 million loan with the New York State Teachers Retirement System. The loan will refinance The Galleria at Sunset, an approximately 1 million-square-foot retail center in Henderson. Current tenants of the center include Dillard’s, Macy’s, Mervyn’s, Dick’s Clothing and Sporting Goods and JC Penney.