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CBRE SECURES $27.2 MILLION IN FINANCING FOR RETAIL PORTFOLIO

CBRE SECURES $27.2 MILLION IN FINANCING FOR RETAIL PORTFOLIO

Tampa, FL – July 25, 2013 – (RealEstateRama) — CBRE’s Debt & Equity Financing Group has secured a $27.2 million loan for Cole Real Estate Investments, a real estate investment trust based in Phoenix, Arizona. The proceeds were used to refinance a portfolio of six single-tenant retail assets in various locations throughout the country. Based in Tampa, CBRE Senior Vice President Michael Strober was joined by partners Amanda Valenti and Donald Jennewein in representing the borrower, Cole. CBRE secured financing with a six-year term, interest only and a 3.1% interest rate from an undisclosed life company