Thursday, March 31, 2016

HFF secures $43.3 million refinancing for 100 Peachtree in Atlanta’s CBD

100 Peachtree, Central Business District, Atlanta, GA
Gregg Shapiro

 ATLANTA, GA -- Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a $43.3 million refinancing for 100 Peachtree, a 625,424-square-foot, Class A office tower in Atlanta’s central business district.

Working on behalf of the borrower, an affiliate of Five Mile Capital Partners LLC, HFF placed the four-year, floating-rate loan with Principal Global Investors.  Loan proceeds were used to retire existing debt and will provide future funds for base building capital improvements as well as tenant improvements and leasing commissions. 

The property’s location along Peachtree Street NW in downtown Atlanta provides tenants with excellent access to public transportation including two Marta stations within blocks of the property, vehicular access to the Downtown Connector (Interstates 75 & 85), an Atlanta streetcar stop at the property’s doorstep, as well as easy access to the Hartsfield-Jackson International Airport, eight miles from the site.

 The iconic, 32-story tower features a conference center with a boardroom, three conference rooms and a mock courtroom; a fitness center; dry cleaner; florist; FedEx-Kinko’s; Dunkin Donuts; Starbucks and parking for 928 vehicles.  100 Peachtree is 61 percent leased to tenants including Koch Properties; Accenture; Fulton County Public Defender; Atlanta Beltline, Inc.; and McGuire Woods LLP.

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

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

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

No comments: