Allianz Real Estate of America has provided a $95.5m loan to RED Development and its equity partner BIG Shopping Centers USA for the refinancing of the Village Pointe Shopping Center in Omaha, Nebraska.
The 447,279 sf shopping center — built in 2004 and set across 78 acres — includes 13 buildings, more than 60 distinct tenant spaces and an outdoor amphitheater. It is located 11 miles west of the Omaha, Nebraska Central Business District.
Christoph Donner, CEO of Allianz Real Estate of America, which finances regional malls across the country, called Village Pointe “one of the finest assets in its class,” in a prepared statement.
RED Development manages a portfolio of retail, commercial and mixed-used properties totaling more than 16m sq ft across nine US states, while BIG Shopping Centers USA is an equity partner for leading US shopping center operators. Allianz Real Estate of America is part of the US Allianz insurance companies.
Both parties said they anticipate working together again in the future, but they did not respond to requests for further comment.