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The buyer assumed $9.3 million of debt that is securitized through ML-CFC Commercial Mortgage Trust, 2007-6. The interest-only loan carries a coupon of 5.7 percent and matures in December 2016.
Buyer is a JV between Developers Diversified Realty, Coventry RE Partners and Prudential RE Investors.
Samsung Pacific/Pacific Development developed the center 3 yrs ago for a reported $55Mln.
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