(Read more on the debt and equitymarkets.)
SARASOTA, FL-Largo Capital, Inc. has arranged first mortgagefinancing for three retail centers in the South: two in Florida andone in Alabama. In all, the financings total $16.7 million.
Galleria Plaza, located in Venice, FL, received the largestamount at nearly $11.4 million. The 92,719-sf property is 95%occupied with tenants including Galleria Cinemas, Galleria Hall andPro Golf of Florida, a Largo spokeswoman tells GlobeSt.com. KevinHeiss, account executive for Largo, arranged the financing, whichwas structured on a 10-year, fixed-rate loan and a 25-yearamortization schedule.
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