Sunday, February 15, 2015

HFF arranges $8.298 million acquisition financing for 2-building office conversion in Atlanta’s Midtown neighborhood


Travis Anderson

 CHARLOTTE, NC– HFF announced it has arranged $8.298 million in acquisition financing for Midtown West, a portfolio of two industrial warehouses totaling 75,000 square feet and an adjacent 3.2-acre land parcel being converted into loft office space in the Midtown neighborhood of Atlanta, Georgia.

                HFF worked exclusively on behalf of the borrower, a joint venture between Stream Realty Partners (Stream) and a private joint venture partner, to secure the 35-month, floating-rate acquisition financing through RRA Capital Management.

The portfolio is composed of buildings at 1494 and 1510 Ellsworth Industrial Boulevard Northwest and land located at 1460 Ellsworth Industrial Boulevard Northwest.  

The properties are accessible to Interstate 75 via Howell Mill Road and are approximately 2.5 miles from the center of Midtown, 4.5 miles from downtown Atlanta and 10.5 miles from Atlanta’s Hartsfield International Airport.  Georgia’s second Topgolf location, slated to open in the spring, is currently under construction one hundred yards from the property. 


Stream is in city permitting with plans to reintroduce the project, rebranding it as “Ellsworth,” as early as June 2015.  The project will undergo an adaptive re-use conversion from flex industrial to loft office space. 

 For up-to-date progress on renovation plans, visit www.EllsworthATL.com or follow @EllsworthATL on Instagram.

The HFF debt placement team representing the borrower was led by senior managing director Travis Anderson, director Gregg Shapiro and senior real estate analyst Cory Fowler.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com


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