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| | Mills Corporation Announces a $145 Million Fixed Rate Refinancing on Ontario Mills |
 | | ARLINGTON, Va., Nov. 4 /PRNewswire/ -- The Mills Corporation (NYSE: MLS), owner and operator of super-regional, value and entertainment-oriented malls, announced today that Lehman Brothers Holdings, Inc. has provided a $145 million non-recourse permanent financing for the Company's Ontario Mills project. |
 | | Ontario Mills opened November 13, 1996, and was developed in a partnership among The Mills Corporation (50% owner), Simon Properties Group, Inc. (NYSE: SPG)(25% owner) and Kan Am (25% owner). |
 | | As of September 30, 1998, the project was 99% occupied and generating sales at an annual pace in excess of $345 per square foot. |
| www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/11-04-1998/0000793887&EDATE= (283 words) |
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