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.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.