 |
| Brian Carlton |
DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF)
announced it has arranged $41.4 million in financing for the acquisition of
TownPark Commons, a 349,635-square-foot office building in Kennesaw, Georgia, a
northwest suburb of Atlanta.
The project was acquired
by the TSP Value and Income Fund, a discretionary value-add real estate fund
managed by Transwestern Investment Group.
The fund seeks to deliver
attractive risk-adjusted returns with a focus on current income and lower
volatility. Working on behalf of the
buyer, HFF placed the five-year, fixed-rate loan with Ares Management. In addition to funding the acquisition of the
property, the loan will also fund tenant improvements and leasing commissions.
Town Park Commons is
located at 125 TownPark Drive in a
business park setting between Interstates 575 and 75 in the northwestern
greater Atlanta area. The 99.6 percent
leased property is anchored by Enercon, an architectural, engineering,
environmental, technical and management services firm.
The HFF debt placement
team representing the borrower was led by senior managing director Brian Carlton and director Gregg Shapiro.
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
No comments:
Post a Comment