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(Read more on the debt and equity markets.)

RICHMOND, VA-Sun Trust Mid Atlantic headquarters, a three-building 618,000-sf class A office complex. recently traded hands for $75.6 million. Parmenter Realty Partners acquired the property in its Parmenter Realty Fund III.

By all commercial real estate metrics, the property was a good trade for Parmenter; the complex is currently 80% occupied with SunTrust occupying 54% of the space. In-place rents are well below current market rates, giving Parmenter leasing upside opportunities when the leases roll over. Still, though, CBRE Capital Markets, which arranged the $50 million in acquisition financing, found it difficult to place the loan.

This, of course, is a testament to the turmoil in the capital markets over the last several months, Charles Foschini, vice chairman of CBRE

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