A subsidiary of Regency Centers Corp. has sold the Bluffs Square shopping center in Jupiter, Fla., for $25.9 million, or about $190.62/sf.
JPMorgan Chase Bank provided the buyer with $27.25 million of financing for the purchase.
Chemical Bank of Detroit provided a $5 million loan to the buyer.
Bethpage Federal Credit Union of New York provided $10.6 million of acquisition financing.
The Bank of New Hampshire provided $48.375 million of financing for the buyer's purchase.
The neighboring properties have been rebranded as Jupiter Isle.
CBRE Capital Markets provided $46.4 million of Freddie Mac financing for the purchase. The properties are the 119-unit Shell Trace Apartments and the 240-unit Mallard Cove Apartments.
95 percent occupied.
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