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Pines Blvd. Property Snags $6M in Financing

MIAMI-Dockerty Romer & Co. arranged the funds to refinance Michael's Plaza, an 85,000-sf retail center across the street from Pembroke Lakes Mall in Pembroke Pines, FL. The financing was obtained from Fidelity Federal Bank & Trust.

By Melissa Bogdany | Updated on April 25, 2003

MIAMI-Pines Blvd. Property Inc. has obtained $6 million in financing for Michael’s Plaza, an 85,000-sf neighborhood shopping center in Pembroke Pines, FL. Shannon Rex of Dockerty Romer & Co., a full-service commercial mortgage banking and real estate brokerage firm, arranged the refinancing from Fidelity Federal Bank & Trust.

The property, built in 1984, is located at the southwest corner of Pines Boulevard and Hiatus Road, across the street from Pembroke Lakes Mall. The plaza, which is 100% leased, is anchored by Michael’s Stores Inc., a large arts and crafts retailer.

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