FOREST CITY REFINANCES STATION SQUARE MIXED-USE PROPERTY

by admin

PITTSBURGH — Forest City Enterprises has procured a $62 million loan to refinance its Station Square mixed-use property in Pittsburgh. The CMBS loan carries a 10-year term and a 5.85 percent interest rate. It will be used to retire three separate bank loans totaling $58.6 million. Station Square is a 652,800-square-foot property located along the Monongahela River on Pittsburgh's south side. Its tenants include Hard Rock Café, Gateway Clipper Fleet and U.S. Bank.

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