Saturday, April 30, 2016

HFF secures $9.75 million refinancing for redeveloped shopping center near Atlanta, GA

Connexion at Holcomb Bridge Retail Center, Roswell, GA

Travis Anderson
CHARLOTTE, NC ­ -– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a $9.75 million refinancing for Connexion at Holcomb Bridge, a 106,769-square-foot retail center in the Atlanta suburb of Roswell, Georgia.   

HFF worked on behalf of the borrower, Hawthorne Retail Partners (Hawthorne), to place the floating-rate loan with New Bridge Bank.  Initial proceeds of $7 million were used for post-close acquisition and renovation financing, while the remainder will be used for future capital costs.

Completed in 1985, Connexion at Holcomb Bridge was redeveloped by the borrower and, from 2013 to 2015, underwent extensive renovations and added 5,502 square feet. 

The three-building center is home to notable tenants Planet Fitness, UnitedHealth Group, Starbucks, Verizon Wireless, GolfTEC, My Salon Suite, Kale Me Crazy, Taqueria Tsunami, Foundation Social Eatery, Dove Studio and Cycleworks. 

Situated on 11.77 acres at 1570 Holcomb Bridge Road, Connexion at Holcomb Bridge is located less than a mile from Georgia 400, a primary north-south artery.  The center is accessible via Holcomb Bridge Road and Holcomb Woods Parkway, which have a combined daily vehicle count of 48,000.

Chip Sykes

The HFF debt placement team representing the borrower was led by senior managing director Travis Anderson, director Chip Sykes and associate director Cory Fowler. 

“Hawthorne has done an outstanding job of revitalizing the previously-tired property into a fresh, modern center,” Fowler said.  “The property benefits from a highly-visible location in which tenants want to be.  With the addition of quality national and regional tenants alike, the property will continue to see success as retail demand tightens.”

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 |

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