CBRE ARRANGES $72M REFINANCE FOR 18-PROPERTY PORTFOLIO

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TAMPA, FLA. — CBRE has arranged three loans totaling $72 million for the refinancing of a portfolio of 18 properties in Florida and Georgia. The portfolio features 12 Walgreens stores; a Publix-anchored shopping center; a small office complex featuring Bank of America, Baycare and Academie Davinci; a freestanding Applebee’s, Dunkin’ Donuts and Anytime Fitness; and the Safety Harbor Resort and Spa. Donald Jennewein and Michael Strober of CBRE’s Tampa office arranged the loans on behalf of the borrower, Safety Harbor, Fla.-based Olympia Development Group.

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