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CBRE ARRANGES CROSSROADS SHOPPING CENTER REFINANCING FOR $15 MILLION

CBRE ARRANGES CROSSROADS SHOPPING CENTER REFINANCING FOR $15 MILLION

Tampa, FL – March 25, 2013 – (RealEstateRama) — CBRE arranged permanent financing in the amount of $15 million for Crossroads Shopping Center, a 341,682 square foot, power center located in St. Petersburg, Florida. This loan was a refinance of a mortgage originally placed in 2004. The new loan is structured with today’s low market rate, two years prior to its original maturity.