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Atlanta & Southeast  + Atlanta  + Finance  | 
CIM Group has closed a $343.8-million loan to finance the acquisition of the Bank of America Plaza office tower in Atlanta, GA.

CIM Group Provides $344M Loan for BOA Plaza Acquisition

CIM Group has closed a $343.8-million loan to finance the acquisition of Bank of America Plaza, a 55-story Class A office tower in Atlanta, GA. The property was acquired (read more) by CP Group and investment funds managed by HPS Investment Partners, LLC.

Loan proceeds will facilitate the acquisition and lease up of the property, including a capital improvement plan with renovations to the lobby, restrooms, elevators, and other property improvements.

Bank of America Plaza is the tallest building in GA and comprises 1,351,586 square feet of office space. Tenants have access to a variety of amenities including a 10,000-square-foot conference center, a 17,000-square-foot fitness center, a food hall, on-site Starbucks, and a 1.2-acre park along West Peachtree Street.

CIM Group through its CIM Real Estate Debt Solutions business recently closed a $175 million loan secured by a 42-story office tower in Tampa.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Financing
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