SunTrust Banks, Inc. (NYSE:STI) sold its Fourth Avenue North and Commerce Street operations center for over $6 million. The property was purchased by Eakin Partners LLC. The property was sold by EP Real Estate Fund II, who marked the sales as their first since they launched this summer with $36 million raised from local investors.
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SunTrust Banks, Inc. (NYSE:STI) is a financial services holding company. It is engaged in the provision of a variety of financial services to consumer and corporate clients. The company acquired GB&T Bancshares, Inc, and First Mercantile Trust Company in May 2008.
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