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Suburban Offices Draw Renewed Interest From Commercial Mortgage-Backed Securities Lenders

Investor TPG acquired Millennium Corporate Park, a six-building suburban office portfolio in Redmond, Washington, last month for $153.49 million.Suburban office properties are drawing renewed interest from commercial mortgage-backed securities lenders this summer, highlighted by two significant offerings being prepared for funds managed by major institutional investors Brookfield and TPG. The two new single-borrower offerings are projected to total…

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