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Vornado completes $300 million financing of Bergen mall

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Vornado Realty Trust, which has significant operations in Paramus, announced Tuesday it completed a $300 million financing of the Outlets at Bergen Town Center, a shopping center in Paramus with nearly 1 million square feet of space.

According to an announcement from Vornado, the property had been encumbered by a $282 million floating-rate loan. The new loan, for 10 years, is interest-only at 3.56 percent, Vornado said.

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