SANTA MONICA, CA-Mall owner and operator The MaceRich Co. has received $200-million in financing for a regional mall in Cerritos, CA. .The lenders were from Prudential Mortgage Capital Co. and Northwestern Mutual Real Estate Investments LLC, each of which provided $100 million toward the seven-year, fixed-rate mortgage.

Securing the loan is the 1.3-million-square-foot Los Cerritos Center.Retail anchors include Macy’s, Nordstrom and Sears. .

The locally-based owner and operator of regional malls did not return telephone calls for this story by deadline for further information. As of Monday, it was unclear whether MaceRich planned to use the proceeds to retire existing debt on the Los Cerritos Center, or to use the capital for additional purchases, development projects and renovations.

Prudential is the commercial mortgage lending unit of Prudential Financial Inc. Northwestern Mutual Real Estate Investments is a unit of Northwestern Mutual Life Insurance Co. that provides both commercial mortgages and equity.

Frederick van Overbeek, principal, and Elizabeth Velazquez, director, with Prudential Mortgage Capital’s San Francisco office, arranged the financing, according to a company statement.

The combination of a well-performing asset and attractive retail demographics helped convince the lenders that Los Cerritos Center was a safe bet, according to market research provided by Velazquez. Located on the border of Los Angeles and Orange Counties, the city of Cerritos is the center of a densely populated trade area of 1.2 million residents and 340,000 households, according to the Prudential Mortgage Capital executive.

Prudential Mortgage Capital had $ 69.5-billion in assets under management and administration at the end of September. Northwestern Mutual Real Estate Investments has a real estate investment portfolio worth between $25 billion and $30 billion, of which 80%are fixed-income investments while the remaining 20%are equity deals, according to the company.

Founded in 1964 in Ames, Iowa by the recently deceased Mace Siegel, MaceRich currently owns and operates 72 million square feet of retail space in 70 regional malls located throughout the US.