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YAKIMA, WASH. — Valley Mall and Valley Mall Plaza in Yakima have received $42 million in financing. The regional mall and adjacent retail power center are located in the Yakima Valley in the south central part of the state. They contain a total of 679,845 square feet. The two centers are 94 percent leased to tenants like Macy’s, Sears, Kohl’s, T.J. Maxx, Ross Dress for Less, Bed Bath & Beyond, Michael’s, Ulta and Old Navy.
The seven-year, full-term, interest-only loan was arranged by HFF’s Eric Tupler, Paul Brindley, Tom Wilson, Kristian Lichtenfels and Erica Christensen. The borrower, CenterCal Properties, used the proceeds to refinance the property’s maturing debt.