Mesa West Capital has provided $42 million to a joint venture between GW Properties and Angelo Gordon to finance its $26 million purchase of two Macy’s furniture and mattress stores located just outside of Chicago, reported Commercial Observer.
GW and Angelo Gordon bought the Macy’s Furniture and Mattress Gallery stores, at the Woodfield Mall in Schaumburg for $11.7 million, and the other property near the Oakbrook Center in Oak Brook for $14.7 million.
The partners plan to repurpose the stores, possibly into new retail, hotels or office space, GW principal Mitch Goltz told Crain’s.
