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| Travis Anderson |
CHARLOTTE, NC– HFF announced it has arranged $8.298 million
in acquisition financing for Midtown West, a portfolio of two industrial
warehouses totaling 75,000 square feet and an adjacent 3.2-acre land parcel
being converted into loft office space in the Midtown neighborhood of Atlanta,
Georgia.
HFF
worked exclusively on behalf of the borrower, a joint venture between Stream
Realty Partners (Stream) and a private joint venture partner, to secure the
35-month, floating-rate acquisition financing through RRA Capital Management.
The portfolio is composed of buildings at 1494 and 1510
Ellsworth Industrial Boulevard Northwest and land located at 1460 Ellsworth
Industrial Boulevard Northwest.
The
properties are accessible to Interstate 75 via Howell Mill Road and are
approximately 2.5 miles from the center of Midtown, 4.5 miles from downtown
Atlanta and 10.5 miles from Atlanta’s Hartsfield International Airport. Georgia’s second Topgolf location, slated to
open in the spring, is currently under construction one hundred yards from the
property.
Stream is in city permitting with plans to reintroduce the
project, rebranding it as “Ellsworth,” as early as June 2015. The project will undergo an adaptive re-use
conversion from flex industrial to loft office space.
For up-to-date
progress on renovation plans, visit www.EllsworthATL.com
or follow @EllsworthATL on Instagram.
The HFF debt placement team representing the borrower was
led by senior managing director Travis Anderson, director Gregg
Shapiro and senior real estate analyst Cory Fowler.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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