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First National Realty Partners has paid $23.5 million, or $122.05/sf, for the 192,548-square-foot High Point Harris Teeter shopping center in High Point, N.C. The Red Bank, N.J., investor bought the property from HPM LP, which was represented in the transaction ...
The property's buyer paid $27.9 million in cash, which was applied to the property's existing $189.3 million of senior debt, securitized through CD, 2006-CD3. That debt has been further reduced to $111.6 million, and presumably will keep its current terms
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