HFF arranges $22.5 million refinancing for 20-building industrial portfolio in the Atlanta MSA
LOS ANGELES, CA – March 27, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged a $22.5 million refinancing for a five-property, 20-building industrial portfolio totaling 605,274 square feet in the Atlanta MSA.
Working on behalf of the borrower, Berkeley Partners, HFF placed the five-year, floating-rate loan with a regional bank.
The industrial portfolio comprises six buildings in Gwinnett Gateway (1710 Wilwat Drive); three buildings in Gateway Business Park I (6500 McDonough Drive); five buildings in Gateway Business Park II (6000 Dawson Boulevard); and five buildings in Atlantic Business Center (6400 Atlantic Boulevard), all of which are located in Norcross in the Northeast Atlanta industrial submarket. Additionally, the portfolio includes the one-building Five Points Business Center (1600 Roswell Street SE), which is located in the Northwest Atlanta industrial submarket. The properties are leased to 150 tenants.
The HFF debt placement team representing the borrower was led by director Jeff Sause, senior managing director Kevin Mackenzie and managing director Gregg Shapiro.
HFF’s Industrial Group is extremely active in the southeastern United States, having closed more than 100 investment sales and debt placement transactions involving more than 84 million square feet in the last five years.
About Berkeley Partners
Berkeley Partners and its affiliated entities comprise a fully integrated principal investment firm focused exclusively on multi-tenant light industrial real estate. Since 2005, the company and its affiliates have sponsored a series of investment vehicles dedicated to the light industrial sector. The company is one of the premier institutional industrial operators and fund managers. The company and its affiliates currently own and manage over 4.3 million square feet across the U.S. The company's investors include large public pension funds, insurance companies and family offices.
Holliday Fenoglio Fowler, L.P. (“HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices and is a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.