CBRE Secures $36 Million Refi of Suburban Atlanta Shopping Center
CBRE has facilitated a $36 million refinance loan for Canton Marketplace. The 335,445-square-foot super regional shopping center in Canton is about 40 miles north of downtown Atlanta.
Mike Ryan, Brian Linnihan, Richard Henry and JP Cordeiro with CBRE Capital Markets’ Debt & Structured Finance in Atlanta represented the borrower, New York-based Acadia Realty Trust. The $36 million loan was secured through Voya Investment Management.
“Canton Marketplace is a best-in-class retail property with an outstanding owner in Acadia Realty Trust,” said Mr. Henry, Senior Vice President with CBRE. “Acadia has done a tremendous job with this asset since acquisition and our team is pleased to have connected them with a great lender in Voya to carry them through the next leg of their business plan.”
Located at 1810 Cumming Highway, Canton Marketplace is 95-percent leased and is anchored by a Dick’s Sport Goods, Best Buy, T.J. Maxx and pOpshelf.