Atlanta & Southeast News In Your Inbox
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
CBRE Arranges Refinancing for Fully-Leased Warehouses
CBRE has arranged two loans to refinance two fully leased warehouses in Georgia and Texas. Greenwood 75 II, a 1,001,700-square-foot warehouse in McDonough, GA and Interchange 20/45 Building 2, an 800,737-square-foot warehouse in Hutchins, TX.
Mike Ryan, Brian Linnihan and Taylor Crowder with CBRE Capital Markets’ Debt & Structured Finance in Atlanta represented the borrower, Affinius Capital. The two loans were secured through Deka Bank.
“Despite the headwinds in the debt markets, the depth of interest was very strong, as over twenty-five lenders provided quotes due to the strong sponsorship, new construction, and excellent tenancy of both buildings,” said Linnihan, vice chairman with CBRE.
Greenwood 75 II was built in 2022 at 315 Greenwood Place. It’s fully leased to a single tenant and sits on 57 acres with 215 dock doors, four drive in doors, 40-foot clear heights, 300 auto parking spaces and 254 trailer spaces.
- ◦Financing