Office

ORLANDO, FLA. — Don Jennewein and Nathan Lynch of CBRE Group have arranged a $20 million mortgage loan through ING on behalf of Emerson International. The 20-year loan has a 4.65 percent interest rate, and enables the company to retire existing mortgages on five Class B office properties totaling 350,000 square feet. The facilities include Major Plaza buildings I and II, Altamonte Lakeside Plaza Office Park and University Research Park I in Orlando, and Louisiana Office Park in Winter Park, Fla.

NASHVILLE, TENN. — Richmond, Va.-based Lingerfelt Cos. has acquired the Nashville Airport North Portfolio, a five-building, Class A office portfolio in Nashville, from Highwoods Properties for $41 million. The properties, which total 484,047 square feet, are located in BNA Corporate Center, Lakeview Ridge Office Park and Century City Office Park. The portfolio is 86 percent leased.

RALEIGH, N.C. — First Fidelity Mortgage Corp. has arranged $41 million in senior secured financing for the 371,000-square-foot Bank of America Plaza, an office building located in downtown Raleigh. Kell Martin and Richard Booth of First Fidelity arranged the seven-year loan through a major life insurance company on behalf of the borrower, an affiliate of The Simpson Organization of Atlanta. The proceeds were used to repay existing maturing debt and fund ongoing capital spending programs.