ORLANDO-Equity One, a Miami REIT, is borrowing the funds at an undisclosed interest rate on the 328,500-sf strip shopping center anchored by Albertsons supermarket and K-mart.
Lang Baumgarten, managing director, Aztec Group Inc., Miami, arranged the funding on the 98%-leased property, 25 miles north of Downtown Miami.
Equity purchased the center for an undisclosed sum in 1995. Albertsons supermarket and K-mart anchor the property.
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