Dockerty Romer Lands $34M Financing for Atlanta Office Building
- Oct 04, 2016
by Evelina Croitoru
Atlanta—Dockerty 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.
“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