The interest rates were over the 7% mark because the deals had been in the works for several months prior to the existing mid-6%-level rates.
"We have been extremely busy" in Tampa and Orlando where Twitty has had a satellite office for the past four years, Twitty associate Chris Larkin tells GlobeSt.com. He says current rates are "still about 6%--incredible."
Mark L. Findura, president of Twitty's Orlando operations, tells GlobeSt.com Jacksonville, FL is "a hot market for investors who want to buy and redevelop existing shopping centers."
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