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| Connexion at Holcomb Bridge Retail Center, Roswell, GA |
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| Travis Anderson |
CHARLOTTE, NC -–
Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a $9.75 million
refinancing for Connexion at Holcomb Bridge,
a 106,769-square-foot retail center in the Atlanta suburb of Roswell,
Georgia.
HFF worked on behalf of
the borrower, Hawthorne Retail Partners (Hawthorne), to place the floating-rate
loan with New Bridge Bank. Initial
proceeds of $7 million were used for post-close acquisition and renovation
financing, while the remainder will be used for future capital costs.
Completed in 1985,
Connexion at Holcomb Bridge was redeveloped by the borrower and, from 2013 to
2015, underwent extensive renovations and added 5,502 square feet.
The three-building center
is home to notable tenants Planet Fitness, UnitedHealth Group, Starbucks,
Verizon Wireless, GolfTEC, My Salon Suite, Kale Me Crazy, Taqueria Tsunami,
Foundation Social Eatery, Dove Studio and Cycleworks.
Situated on 11.77 acres at
1570 Holcomb Bridge Road, Connexion at Holcomb Bridge is located less than a
mile from Georgia 400, a primary north-south artery. The center is accessible via Holcomb Bridge
Road and Holcomb Woods Parkway, which have a combined daily vehicle count of
48,000.
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| Chip Sykes |
The HFF debt placement
team representing the borrower was led by senior managing director Travis Anderson, director Chip Sykes and associate director Cory Fowler.
“Hawthorne has done an
outstanding job of revitalizing the previously-tired property into a fresh,
modern center,” Fowler said. “The
property benefits from a highly-visible location in which tenants want to be. With the addition of quality national and regional
tenants alike, the property will continue to see success as retail demand
tightens.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
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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