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ORLANDO-Equity One, owner of Lake Mary Centre, a 14-year-old, 328,500-sf strip shopping center in suburban Lake Mary, FL, is getting a $25 million permanent loan at an undisclosed interest rate from New York-based Morgan Stanley.

Lang Baumgarten, managing director, Aztec Group Inc., Miami, arranged the funding on the 98%-leased property, 25 miles north of Downtown Miami.

Equity purchased the center for an undisclosed sum in 1995. Albertsons supermarket and K-mart anchor the property.

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