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60 percent occupied.A group led by Eurohypo AG has provided $120 million of acquisition financing to Emmes, a New York opportunistic investor.
Allergan has assumed a $20 million loan on the property that was securitized via Greenwich Capital Commercial Funding Corp., 2007-GG11. It pays a 5.65 percent coupon and matures in 2017.
Buchanan Street provided $14 million of equity for the transaction, while Wells Fargo provided an undisclosed amount of debt.
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