Tuesday, November 10, 2015

HFF secures acquisition financing for 5-property Atlanta area office portfolio

Jim Curtin
DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured acquisition financing for a five-property office portfolio totaling 642,583 square feet in Atlanta, Marietta and Macon, Georgia.

Working on behalf of the borrower, CapRidge Partners, LLC, HFF placed the three-year, floating-rate loan with Bank of America Merrill Lynch.  The loan was structured with an initial funding of $30.17 million.

The portfolio consists of 3920 Arkwright Road (Highridge Center) in Macon; 9040 Roswell Road (River Ridge), 1765 The Exchange and 1775 The Exchange in Atlanta; and 1775 West Oak in Marietta.  

Overall, the portfolio is 81.1 percent leased to tenants including Carestream Dental, MiMedx Group, Merrill Lynch, Xerox and Polycom, Inc.  

The HFF debt placement team representing the borrower was led by director Jim Curtin and senior managing director Andy Scott.

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 | www.hfflp.com

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