Saturday, October 24, 2015

HFF arranges $41.4 million acquisition financing for TownPark Commons in Kennesaw, GA

Brian Carlton
DALLAS, TX  – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $41.4 million in financing for the acquisition of TownPark Commons, a 349,635-square-foot office building in Kennesaw, Georgia, a northwest suburb of Atlanta.  

The project was acquired by the TSP Value and Income Fund, a discretionary value-add real estate fund managed by Transwestern Investment Group. 

The fund seeks to deliver attractive risk-adjusted returns with a focus on current income and lower volatility.  Working on behalf of the buyer, HFF placed the five-year, fixed-rate loan with Ares Management.  In addition to funding the acquisition of the property, the loan will also fund tenant improvements and leasing commissions.

Town Park Commons is located at 125 TownPark Drive in a business park setting between Interstates 575 and 75 in the northwestern greater Atlanta area.  The 99.6 percent leased property is anchored by Enercon, an architectural, engineering, environmental, technical and management services firm.

The HFF debt placement team representing the borrower was led by senior managing director Brian Carlton and director Gregg Shapiro.

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

 Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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