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TAMPA, FL-StanCorp Mortgage Investors of Hillsboro, OR provides a 15-year, $1.58-million loan for a 3,500-sf Hess service station and a $900,000 loan for an Arby's restaurant. Both loans carry a 5.87% permanent, fixed interest rate.
ST. AUGUSTINE, FL-FECI, one of Florida's largest corporate landowners, pays Key Automotive of Florida Inc. $5.1 million or $43,590 per gross acre for the industrial-zoned land on County Line Road, just south of Interstate 4 in Polk County, about 60 miles south of Downtown Orlando.
LIVONIA, MI-Ramco-Gershenson Properties Trust obtains refinancing for its fully leased center located on Middlebelt Road. The refinancing follows the REITs all-cash purchase of the center earlier this year.
LIVONIA, MI-Ramco-Gershenson Properties Trust obtains refinancing for its fully leased center located on Middlebelt Road. The refinancing follows the REITs all-cash purchase of the center earlier this year.
TAMPA, FL-The Sacramento, CA-based industrial developer buys the 11 acres in the 103-acre Pinebrooke Business Park from Pinebrooke Land Development JV for $218,182 per acre. In August, the California firm beat out Wal-Mart Stores Inc. for the purchase of the 30-acre, 500,000-sf Tampa International Center for $11.2 million.
OAK BROOK, IL-Inland American Real Estate Trust Inc. is buying an 80% stake in Coconut Creek, FL-based Minto Builders REIT, which recently acquired retail properties in the Houston and Tampa Bay, FL areas. Inland's first $294 million in property buys will serve as Section 1031 exchanges.
OAK BROOK, IL-Inland American Real Estate Trust Inc. is buying an 80% stake in Coconut Creek, FL-based Minto Builders REIT, which recently acquired retail properties in the Houston and Tampa Bay, FL areas. Inland's first $294 million in property buys will serve as Section 1031 exchanges.
OAK BROOK, IL-Inland American Real Estate Trust Inc. is buying an 80% stake in Coconut Creek, FL-based Minto Builders REIT, which recently acquired retail properties in the Houston and Tampa Bay, FL areas. Inland's first $294 million in property buys will serve as Section 1031 exchanges.