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orthPark Center – Dallas, TX – JLL’s Capital Markets Group secured a $1.2 billion refinancing for the 60‑year‑old Dallas mall. Wells Fargo led the deal, joined by Morgan Stanley and Goldman Sachs. JLL represented NorthPark Management Company, owned by the Nasher/Haemisegger family, and the loan will retire the existing mortgage and buy back equity, restoring full family ownership.
The 1.9‑million‑square‑foot, Class A++ mall, opened in 1965, hosts 190 tenants, 75 market‑exclusive, and has a 98.6 % occupancy rate. Anchors include Neiman Marcus, Nordstrom, Macy’s, Dillard’s, Eataly, and a 15‑screen AMC theater. Located at NW Highway and US‑75, the center enjoys excellent visibility and access, drawing shoppers from Dallas’s affluent neighborhoods and major job centers.
NorthPark also showcases over 50 modern and contemporary artworks from the Nasher/Haemisegger Collection, with additional pieces loaned from the Nasher Sculpture Center. JLL’s debt advisory team—Timothy Joyce, Trey Morsbach, and Matt Maksymec—led the transaction. “The refinancing underscores the resilience of top‑tier retail assets in major markets,” Joyce said. JLL’s Capital Markets Group offers global debt, equity, and investment advisory services.
