Valley Mall property owners secure loan for refinancing

Valley Mall property owners secure loan for refinancing

UNION GAP, Wash.-- The company that owns the Valley Mall and the Valley Mall Plaza has a new plan to improve its  financial situation. CenterCal Properties secured a new $42 million loan. It should last seven years.

Some of that money is being used to refinance debt. Valley Mall and Valley Mall Plaza cover the main building that houses Macy's and the stretch that includes Ross Dress for Less.