MetLife, M&J Wilkow JV Obtains $120M for Hawaii Shopping Center from PGIM

1/14/2025

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CPE

• Subcategory: Capital Markets: Debt, Capital Markets: Fund, Retail: Shopping

• Tag: Closing | JV-Partnership

• Additional Filters-Subcategory: Capital Markets: Debt-Refinance, Capital Markets: Fund-Core, Retail: Mall

• Company: PGIM Real Estate (Prudential), MetLife Investment Management

MetLife Investment Management and M&J Wilkow have obtained $120 million to refinance Town Center of Mililani, a 476,615-square-foot grocery-anchored shopping center in Oahu, Hawaii. PGIM Real Estate provided the fixed-rate financing through its core investment strategy.

The joint venture had purchased the asset from Nuveen Real Estate for $227.3 million back in 2014, according to Pacific Business News. The Massachusetts Mutual Life Insurance Co. provided a $120.5 million loan for the acquisition.