The property is currently anchored by Sears, Filene's and Macy's. Other tenants include Best Buy and Marshall's as well as GAP, Victoria's Secret, Bath & Body, American Eagle, the Show Dept. and Olympia. New England Development bought the Westgate Mall in 1998 from Campanelli Cos. and invested $20 million on new lights, signs, floors, walls and ceilings. The company brought in Sears and Old Navy as anchor stores. Last year, Filene's, the retail department store chain, opened a 140,000-sf store in the mall. The store went into a former Bradlees location, the discount retail chain that went bankrupt nearly two years ago.

CDC says the financing provides for additional advances to fund costs for leasing of the in-line space and development of unimproved outparcels at the property. CDC Mortgage Capital is the US commercial real estate financing unit of CDC IXIS of Paris. The firm provides fixed- and floating-rate mortgage debt and various forms of mezzanine financing for commercial real estate transactions in excess of $10 million. Since June 1999, CDC Mortgage Capital has originated or purchased $8 billion in commercial mortgage loans.