Keystone Property Trust, West Conshohocken, Pa., has closed a $75 million unsecured term loan.The real estate investment trust said the loan has a term of five years, and is priced at 1.35%-1.75% above the London interbank offered rate, depending on the company's leverage. The proceeds were used to pay down the company's $185 million unsecured credit facility. The loan was underwritten by Wells Fargo Bank. Keystone can be found on the Internet at http://www.keystoneproperty.com.
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