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| Cobb West Business Park, Austell, GA |
DALLAS, TX – HFF announced it has arranged acquisition
financing totaling $72.256 million for Cobb West Business Park, a
16-property industrial portfolio totaling 1,726,199 square feet in Austell,
Georgia, a suburb west of Atlanta.
HFF
worked on behalf of the borrower, High Street Realty Company, LLC and an
institutional joint-venture partner.
The financing was structured as a $61.256 million senior mortgage
through SunTrust Bank and an $11 million mezzanine loan through Principal
Global Investors.
Cobb
West Business Park is located south of Interstate 20 at 960, 980, 1080, 1218,
1220 and 1230-A, B and C Six Flags Road; 7800, 7895, 7950 and 7995 Third Flag
Parkway and 7948, 7990, 8005 and 8015 Second Flag Drive.
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| Brian Carlton |
The business park is approximately a 10-minute drive from
I-285 and is approximately 15 minutes from Interstates 75 and 85, downtown
Atlanta and Hartsfield-Jackson Atlanta International Airport.
The HFF team was led by senior managing director Brian
Carlton and director Gregg Shapiro.
High
Street Realty Company, LLC (HSRC) is a recognized private equity real estate
investment management company with an experienced management team and
institutional investment platform.
High Street has attracted capital from leading foreign and domestic
institutional investors for both its joint ventures and discretionary
investment funds, and has acquired over $1.3B of industrial properties.
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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