DALLAS — The family behind the development of Dallas' NorthPark Center 60 years ago is reportedly seeking a $900 million loan to regain full control of the iconic Dallas shopping center.

News of the loan, which will be used to refinance $650 million of existing debt and buy out J.P. Morgan Asset Management's' equity stake for $570 million, according to a report from FitchRatings , and confirmed by NorthPark Management Company Director of Communications Shelby Foster. The deal is set to close Oct. 15.

Kristen Gibbins, executive director of NorthPark, told the Dallas Business Journal that J.P. Morgan Asset Management is not an equity partner at NorthPark as of Sept. 26, Nancy Nasher and David Haemisegger are the "sole owners" of the shopping center and will "continue to manage NorthPa

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