Atlanta Industrial Portfolio Receives $23M Refi
- Mar 28, 2017
Atlanta—HFF recently arranged a $22.5 million refinancing measure for an industrial portfolio in metro Atlanta. The five-property, 20-building portfolio totals 605,274 square feet of space. HFF placed the five-year floating-rate loan on behalf of borrower Berkeley Partners, a fully integrated investment firm.
Located in Norcross, Ga., the industrial portfolio consists of six buildings in Gwinnett Gateway located at 1710 Wilwat Drive, three buildings in Gateway Business Park I (6500 McDonough Drive) and five assets in Gateway Business Park II (6000 Dawson Blvd.). Five more buildings are located within Atlantic Business Center at 6400 Atlantic Blvd. and one facility is located at Five Points Business Center (1600 Roswell St. S.E.). The portfolio is currently occupied by 150 tenants.
Director Jeff Sause, Senior Managing Director Kevin Mackenzie and Managing Director Gregg Shapiro of HFF led the debt placement team representing the borrower. HFF’s Industrial Group has closed more than 100 investment sales and debt placement transactions in the Southeast, with roughly 84 million square feet in the last five years.
Image courtesy of Berkeley Partners