WEST PALM BEACH, FL-A commercial mortgage-backed securities (CMBS) fund with LNR Partners of Miami as the special servicer has sold South Wind Plaza, an 118,546-square-foot retail center situated at 5335 and 5337 Military Trail in West Palm Beach, to 5335 North Military LLC at a 52% discount. The center was sold on November 8 for $5.99 million.
The CMBS fund grabbed the property in April after confiscating on a $12.5-million mortgage retained by an affiliate of Menin Development. For the full story, go to South Florida Business Journal .
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