Pyramid Cos. clears roadblocks to Carousel expansion

02/8/2012 | Wall Street Journal, The

Pyramid Cos. plans to finish the 850,000-square-foot expansion of its Carousel Center shopping center this year. The Syracuse, N.Y., retail center is already 1.5 million square feet. To move the project forward, the company has secured $420 million in new loans on Carousel and has reached a settlement with Citigroup.

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