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The portfolio contains 12 newly-constructed Tennessee properties, each occupied by Advance Financial.

The sale is part of an initiative announced by Taubman in February to sell its 50% interest in three Asian shopping centers—Starfield Hamam, CityOn.Xi'an (Xi'an, China) and the CityOn.Zhengzhou (Zhengzhou, China).

"Our goal at Glenpointe is to provide tenants with a unique workplace experience that they can't get anywhere else. With each new amenity or improvement project, we are providing our tenants with experiences that are unmatched in the local market," says Ryan Sanzari, COO at Alfred Sanzari Enterprises.

Brokerage firm JLL reports it arranged the 30-year, fixed-rate refinancing loan with Barings, on behalf of one of its managed accounts, for Hickory Street Capital.

Roberto Pesant, who has 15 years commercial real estate experience, will be based in Berkadia's Miami and Boca Raton offices.

"This week, I had the opportunity to meet with several leaders in Chicago's financial services industry to tout Florida's pro-business climate and the many advantages of doing business in our state," said Gov. DeSantis.