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MIAMI—Kendallgate Shopping Center has won a $45 million refi with record-low interest rates. Berkowitz Development Group just secured the refinancing for its 194,624-square-foot shopping center at 11910 SW 88th Street in Miami.

Although the treasury rates have increased from May to October 2013, well-positioned institutional quality assets have still been able to secure interest rates at historically low levels. Berkowitz placed Kendallgate’s 10-year fixed-rate loan with PNC Bank.

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