(Crystal Proenza is associate editor of RealEstate Florida.)

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BOCA RATON, FL-Wells Fargo Bank has secured four non-recoursefinancings totaling $73.6 million for properties in Florida,Louisiana and Georgia. The largest loan, worth $44.5 million, wasfunded for Mission Bay Plaza retail center at Glades Road and StateRoad 7 in Boca Raton. The 272,886-sf center is 96% occupied with 49tenants, including Albertsons, LA Fitness, Toys R Us and OfficeMax. Michael Strober of CBRE Melody in Tampa was the mortgagebroker for the transaction.

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A second property in Boca Raton secured an $8.2-million loan forSouth Congress Warehouses, a 100% occupied, 118,800-sf industrialproperty at the Arvida Park of Commerce. Fred Welker of HollidayFenoglio Fowler in Miami was the mortgage broker for thetransaction. Both Florida deals involved strong sponsorship andlong-standing tenants in great locations, says Scott Bois, directorat Wells Fargo Commercial Mortgage in New York, who oversaw thetransactions.

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The company also provided a ten-year, $9 million loan for theStation at Vinings, a 33,900-sf retail center in Atlanta. MichaelGalla of Primary Capital Advisors was the mortgage broker for thetransaction. A five-year, $11.9-million loan was also provided to a137,574-sf retail center in Denham Springs, LA. Spring Park Plazais home to 18 tenants, including Wells Fargo. Neil Efron ofBankAtlantic in Fort Lauderdale served as the mortgage broker inthat transaction.

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Wells Fargo, a lending and advisory company with 50 officesnationwide, claims more than $70 billion in originations annually."In light of the CMBS market going dark, we're actually doing allour deals on our balance sheet," Bois tells GlobeSt.com of thecompany's recent transactions.

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