Financing Xanadu.
Financing Xanadu: Colony Capital Acquisitions LLC, a subsidiary of
LA-based Colony Capital, completed the recapitalization of the 2.2
million square foot Meadowlands Xanadu, a sports, leisure, shopping, and
entertainment facility in northern New Jersey. Colony will lead the $1.5
billion in additional financing needed to finish the project, including
$500 million in equity and about $1 billion in debt and additional
capital. Six anchor tenants have signed leases to occupy 500,000 square
feet. They include Cabela's, an outdoor lifestyle outfitter; AEG
Live; Muvico, a movie theater and full restaurant; Strike MX, a martini
bar and bowling alley; Forever 21 : and Children's Place.
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