Sugarloaf VI and Sugarloaf VII Class A Office Buildings, Duluth, GA
 |
| Ryan Clutter |
ATLANTA, GA –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale and secured
financing for Sugarloaf VI and VII,
two Class A office buildings totaling 161,183 square feet in Duluth,
Georgia.
HFF marketed the property
on behalf of the seller and procured the buyer, TerraCap Management, Corp. Additionally, HFF arranged the 66-month,
floating-rate acquisition loan on behalf of the new owner through Principal
Global Investors.
Sugarloaf VI and VII are
located within the Business Park at Sugarloaf, a master planned park of
approximately 500,000 square feet of Class A office space in Gwinnett
County.
The park is across from
the prestigious Sugarloaf Country Club, within one mile of Interstate 85 and 12
miles north of Interstate 285 in northeast Atlanta.
Built in 2005, Sugarloaf VI and VII are 94.4
percent leased to a diverse tenant mix comprising Horizon Software, Asbury
Automative Group, Gallagher Bassett Services and Wiss Janney Elstner
Associates.
The HFF investment sales
team representing the seller was led by managing director Ralph Smalley, senior
managing director Ryan Clutter and
associate director Kelly
Kuykendall.
HFF’s debt placement team
was led by managing director Gregg
Shapiro.
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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