Real estate investment adviser Rubenstein Partners has secured a $114 million loan facility provided by Nuveen Real Estate to refinance Pennant Park, a 6-building office park in Atlanta’s Northwest submarket.
The transaction comes after the completion of Rubenstein’s business plan for the office property, which involved approximately $17 million of improvements aimed at transforming the property into a walkable Class-A urban office environment with immediate access to Truist Park, home of the Atlanta Braves. The 760,000-square-foot development is located at the intersection of I-75 and I-285 in the Northwest submarket of Atlanta.
Rubenstein worked with the Cushman & Wakefield Equity, Debt and Structured finance team of Mike Ryan, Brian Linnihan, Richard Henry, and Blake Cohen to secure the financing.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
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