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PREIT Obtains $150M Loan to Recapitalize Springfield Town Center in Northern Virginia
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PREIT Obtains $150M Loan to Recapitalize Springfield Town Center in Northern Virginia
SPRINGFIELD, VA. — PREIT has closed on a $150 million loan for Springfield Town Center, a mixed-use redevelopment of the former Springfield Mall in Northern Virginia. The property includes more than 1 million square feet of retail space, including a 32,000-square-foot LEGO Discovery Center that opened in 2023. Other tenants include Build-A-Bear, Burger King, Chuy’s, Dave & Buster’s, Dick’s Sporting Goods, Finish Line, Five Below, H&M, Hot Topic,…
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