Article: $28m financing recapitalizes Niagara Falls outlets.(FINANCE)

Wien & Malkin Strategic Capital V (SC V) has participated in a $28 million preferred-equity investment that recapitalizes the 530,000 s/f Fashion Outlets of Niagara Falls shopping mall in Niagara Falls, N.Y. SC V invested $14 million.

The funds, together with new senior financing, are being used to retire a senior loan balance and for tenant improvements associated with newly executed and future leases.

Situated about two miles from the world-famous falls, and 17 miles from downtown Buffalo, the mall is anchored by Marshall's and Saks. Its roster of more than 100 retailers includes Polo Ralph Lauren, Brooks Brothers, Nike, Ann Taylor, Tommy Hilfiger, ...

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