With the popularity of online shopping, many regional malls have had to either totally transform or simply go out of business. But a few have bucked the trend. Dallas’s NorthPark Center is thriving. As of June 2025, the upscale shopping center was 98.6% occupied, with approximately 200 tenants, including Dillard’s, Macy’s, Nordstrom, and Neiman Marcus.
The Dallas Business Journal reports the family behind NorthPark Center has bought out its financial partner. In a few weeks, a $900 million loan to refinance the 1.9 million-square-foot center is expected to close, allowing the Nasher family to buy out JP Morgan Chase’s equity stake, with the remainder used to retire existing debt. The two-year floating-rate loan was co-originated by Wells Fargo Bank, Morgan Stanley Bank and Goldman Sachs.
The mall was developed by Raymond Nasher and opened in 1965 — at the time, it was the largest climate-controlled retail center in the world. Nancy Nasher and her husband David acquired the property in 1995.
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