Friday, August 12, 2016

HFF closes sale and secures financing for two Duluth, GA Class A office buildings

Sugarloaf VI and Sugarloaf VII Class A Office Buildings, Duluth, GA

Ryan Clutter
ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale and secured financing for Sugarloaf VI and VII, two Class A office buildings totaling 161,183 square feet in Duluth, Georgia.  

HFF marketed the property on behalf of the seller and procured the buyer, TerraCap Management, Corp.  Additionally, HFF arranged the 66-month, floating-rate acquisition loan on behalf of the new owner through Principal Global Investors.

Sugarloaf VI and VII are located within the Business Park at Sugarloaf, a master planned park of approximately 500,000 square feet of Class A office space in Gwinnett County. 

The park is across from the prestigious Sugarloaf Country Club, within one mile of Interstate 85 and 12 miles north of Interstate 285 in northeast Atlanta. 

Built in 2005, Sugarloaf VI and VII are 94.4 percent leased to a diverse tenant mix comprising Horizon Software, Asbury Automative Group, Gallagher Bassett Services and Wiss Janney Elstner Associates. 

The HFF investment sales team representing the seller was led by managing director Ralph Smalley, senior managing director Ryan Clutter and associate director Kelly Kuykendall. 

HFF’s debt placement team was led by managing director Gregg Shapiro.

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

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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