Atlanta Office Complex Investors Score $65M Refi

A Cumberland office complex, that a year ago had landed on a CMBS loan-servicer watchlist, has been refinanced. The 700,000-square-foot Wildwood Center was financed with debt sold to investors in the form of commercial mortgage-backed securities.

The Atlanta Business Chronicle reported Wildwood Center secured a $65 million loan. An affiliate of Franklin BSP Realty Trust Inc. provided the loan.

Nevada investor Dennis Troesh, along with Vision Properties, acquired Wildwood Center in December 2013 for $97.5 million, according to property records. At the time, Troesh secured a $73.1 million CMBS loan. That loan matured in December, with about $63 million in principal remaining. 

Wildwood Center was 88% occupied as of September 2023, according to filings. JLL’s David Horne, Glenn Aspinwall and Alexis Easterling handle leasing for the Wildwood Center ownership.