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GMAC COMMERCIAL MORTGAGE CORPORAtion (GMACCM) has arranged $26,500,000 in fixed-rate refinancing for the Kendall Mall, a Miami retail property. The property has a total of 278,925 square feet and is situated on 21.59 acres of land, 58 percent of which is occupied by anchor tenants and approximately 116,530 square feet of which is local tenant gross leasable space. Anchor tenants include Publix Supermarkets, JC Penney, Borders Books & Music, Bally's Total Fitness, Eckerd Drugs and Bank of America. CB Kendall Mall Inc. received the funding. GMACCM Vice President Joseph Schrage, of the Miami retail loan origination office, arranged the transaction through Nationwide Life Insurance.