One of Tampa Bay’s strongest retail assets has been refinanced at a higher valuation, underscoring continued confidence in top-tier shopping centers despite a cautious capital markets environment.
Simon Property Group, through its Taubman Realty Group operation, refinanced International Plaza in Tampa with a $551.25M loan, replacing a prior $477M mortgage on the property.
The new five-year loan was originated by Goldman Sachs, JPMorgan Chase and Wells Fargo…