DALLAS — This article was originally published by our content partners at the Dallas Business Journal. You can read the original article here .

The family behind NorthPark Center is regaining total ownership of the 60-year-old mall that’s been a hallmark of Dallas' retail scene ever since it opened.

The Nasher-Haemisegger family is working to secure a new $900 million loan that will refinance its existing debt for the 1.9-million-square-foot shopping center. The deal, first reported by BisNow, is expected to close Oct. 15.

Proceeds from the loan will be used to refinance $650 million of existing debt and buy out J.P. Morgan Asset Management’s equity stake in the mall for $570 million, according to a presale report from Fitch Ratings. J.P. Morgan Asset Management is an arm of

See Full Page