
CBRE Secures Financing for Airport Industrial
CBRE has secured $15.4 million in financing to buy a two-building, 166,687-square-foot warehouse portfolio located near Atlanta’s Hartsfield-Jackson Atlanta International Airport.
Brian Linnihan, Mike Ryan, Richard Henry and JP Cordeiro with CBRE Capital Markets’ Debt & Structured Finance in Atlanta represented the buyer, LRC Properties, in the deal. The acquisition loan was secured through Timbercreek Capital.
“This portfolio presented a huge opportunity for the sponsor to acquire vacant warehouse space within one of Atlanta’s most in-demand submarkets,” said Mr. Linnihan, Vice Chairman with CBRE. “We’re proud to have connected our client, LRC Properties, with a great lender in Timbercreek Capital.”
The larger of the two warehouses is at 4601 Welcome All Road in Atlanta, measuring 125,723 square feet.
The smaller warehouse, at 5066 Charbett Drive, measures 40,934 square feet and is vacant. Both properties sit near Interstate 85, I-285 interchange and Hartsfield-Jackson Atlanta International Airport.
- ◦Sale/Acquisition