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| Perimeter Crossing, 1200 Lake Hearn Drive Northeaset, Northern Atlanta, GA |
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| Travis Anderson |
CHARLOTTE, NC – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has secured $9.862 million in
acquisition financing for Perimeter
Crossing, a 114,474-square-foot, Class A office building in Atlanta,
Georgia.
HFF, working on behalf of
the buyers, SilverCap Partners, LLC and SK Commercial Realty, placed the loan
with First Tennessee Bank.
Perimeter Crossing is
situated on almost six acres at 1200 Lake Hearn Drive Northeast in northern
Atlanta with 350 feet of frontage on Interstate 285 (The Perimeter). In the heart of the Central Perimeter
submarket, the asset is near “Pill Hill,” a major cluster of hospitals and
medical office buildings.
The property is one mile from Perimeter Mall
and within walking distance to MARTA’s Medical Center station. The 85.6-percent-leased, five-story building
is home to Nextraq, First Communities, Walgreen Co., Bluff Media, Condominium
Concepts, Collect Southeast and Finan Templeton.
The HFF debt placement
team representing the borrower was led by senior managing director Travis Anderson, director Gregg Shapiro and associate director Cory Fowler.
“Given the strong tenant
roster and excellent access to the property along with a strategic location in
one of the top office submarkets in Atlanta, we believe this is an outstanding
opportunity for the sponsorship to garner upside potential with long-term
viability,” Anderson said.
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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