CIP Real Estate purchased the Lavista Business Park in Tucker, Georgia, from ATCAP Partners for $37 million. CBRE arranged a $26.3 million loan to acquire the Park, a 217,496-square-foot industrial property.

Mike Ryan, Brian Linnihan, Richard Henry and Taylor Crowder with CBRE Capital Markets’ Debt & Structured Finance team in Atlanta secured the five-year floating-rate, maximum interest-only loan from LoanCore Capital on behalf of the sponsor and buyer.

Built in 1972, the Park sits on 11.76 acres at 2000-2068 Weems Road. The property consists of four single-story, shallow-bay industrial buildings averaging 54,000 square feet. Features include new roofing, 16’ to 20’ clear heights, 55 dock-high doors, one drive-in door, and 209 parking spaces. At the time of sale, the property was 92% leased to 15 tenants.

It’s within the Stone Mountain industrial submarket, which recorded one of the lowest vacancy rates in Atlanta at 4.1% in the fourth quarter of 2024, according to CBRE research.