HFF secures debt and equity financing for Zeller Realty Group and Partners Group’s acquisition of 100 Peachtree in downtown Atlanta
ATLANTA, GA – May 30, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged debt and equity financing for 100 Peachtree, an iconic, 33-story, Class A office tower totaling 622,084 square feet in downtown Atlanta, Georgia. The property is being acquired by a joint venture of Zeller Realty Group and Partners Group, the global private markets investment manager, on behalf of its clients.
HFF worked on behalf of the borrowers to secure the floating-rate acquisition loan through an affiliate of Heitman LLC.
Designed by world-renowned architectural firm, Skidmore, Owings & Merrill, 100 Peachtree is 80 percent leased to 37 tenants, including Georgia’s Own Credit Union. The property is situated in the heart of Atlanta’s central business district in the Fairlie-Poplar District and boasts a Walk Score® of 96 and a Transit Score® of 80 with easy access to nearby restaurants, public transportation and attractions. Atlanta’s central business district is experiencing renewed interest and transformation into a vibrant live-work-play environment led by the growth of Georgia State University, the new Mercedes Benz Stadium, several new residential projects and the planned redevelopment of Underground Atlanta.
The HFF debt placement team representing the borrowers was led by senior managing director Ed Coco and associate Matt Casey.
“Benefitting from an urban, walkable, transit-oriented location, Zeller Realty’s vision for 100 Peachtree will employ previously successful strategies to create energy at the property and complement activity already underway in the dynamic downtown submarket,” said Coco. “With the right capital partner and financing in-place, we look forward to additional leasing momentum at 100 Peachtree and Zeller’s contribution to the resurgence of Atlanta’s central business district.”
About Zeller Realty Group
Zeller Realty Group (ZRG) is a vertically integrated commercial real estate investment and development firm that has offered investors exceptional expertise, innovation, and insight to value for over 28 years. ZRG strategically selects properties for value creation, repositioning and reintroduction to their markets, while maximizing efficiency by providing a full spectrum of real estate services, including development, leasing, management, and construction. Headquartered in Chicago, Illinois, ZRG owns and operates assets in the Midwest, Colorado, Oregon, and Georgia and continues to grow and expand its holdings nationally. Since its formation, the company has delivered strong returns for its partners and co-investors by providing best-in-class service to enhance value. Currently, ZRG owns and operates a portfolio of nearly 9.5 million square feet valued at $2.5 billion. For more information, please visit: zellerrealty.com.
About Partners Group
Partners Group is a global private markets investment management firm with over EUR 54 billion (USD 57 billion) in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, Denver, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Manila, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 900 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a major ownership by its partners and employees. For more information, please visit: partnersgroup.com.
Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are 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, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.