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Proceeds of the two-year, interest-only loan were used to refinance existing debt and equity.
June 6, 2002 JACKSONVILLE, Fla. – Mass Mutual has provided $63 million in floating-rate financing for the 42-story Bank of America Tower to an entity controlled by the Parmenter Co.The three-year mortgage refinances existing debt on the 700,000-square-foot property, which ...
January 16, 2002 JACKSONVILLE, Fla. – Legg Mason Real Estate Services has hired Joel Coykendall as senior vice president of loan production at its Jacksonville regional office.Coykendall, who had been with Legg Mason during the 1990s, most recently was a ...
November 28, 2001 Adam's Mark Hotels and Resorts has begun exploring the possibility of selling properties to raise capital. The company, which owns lodgings that cater to conventions and business travelers, has hired Sonnenblick-Goldman to assist in sales, according to ...
November 8, 2001 By Christina Caprio, Commercial Real Estate Direct Staff WriterAn entity owned by the Parmenter Co. is looking to place $65 million of interim financing on the 42-story Bank of America Tower in Jacksonville, Fla. Proceeds will be ...
October 11, 2001 JACKSONVILLE, Fla. – Berwind Property Group has sold the Interstate South Business Center for nearly $18 million, or about $69/sf.Summit REIT of Canada bought the 260,000-square-foot flex business park, which consists of six adjacent buildings about a ...
July 17, 2001 A joint venture of Wells REIT and Wells LP Fund XIII has paid $12.5 million for a Class-A office building in Clay County, Fla., 20 miles south of downtown Jacksonville. The 85,000-square-foot building at 2310 Village Square ...
Built in 1989, property is about 95% occupied.
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