Dockerty Romer Lands $34M Financing for Atlanta Office Building

The banking firm worked on behalf of Mainstreet Capital Partners to place the loan with NXT Capital.

by Evelina Croitoru

2100 Riveredge Pkwy, NW., Sandy Springs, Ga.
2100 Riveredge Pkwy, NW., Sandy Springs, Ga.

AtlantaDockerty Romer & Co., a Florida-based full service commercial mortgage banking firm specializing in capitalization of income, has secured $34.2 million in permanent mortgage financing for a Class A office building in Sandy Springs, Ga.

The 264,374-square-foot, 13-story building is located at 2100 Riveredge Parkway, NW., and is easily accessible from both I-285 and I-75.

Dockerty Romer arranged the financing on behalf of the owner, Mainstreet Capital Partners, through NXT Capital, which provided a two-year, floating-rate mortgage loan at a competitive interest rate.

“Both Mainstreet and NXT were highly focused and professional in all areas of this transaction. NXT provided an excellent debt structure which will allow Mainstreet to execute on their long-term business plan for this asset,” Craig Romer, a principal with Dockerty Romer & Co., said in prepared remarks.

At the time of the deal, the building was 92 percent leased to United Healthcare and had a vacancy rate of 2.6 percent.

Image Courtesy of YardiMatrix