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CushWake Secures $200M Acquisition Loan for Atlanta Office Portfolio
Cushman & Wakefield has secured a $200 million acquisition loan for One Overton Park and One and Two Ravinia, a three-property office portfolio in Atlanta.
Located in Atlanta’s Cumberland and Central Perimeter office markets, the three Class A office buildings are 75% leased and total approximately 1.2 million square feet. The buyers, CP Group and Farallon Capital Management, plan to implement a capital improvement plan for the three buildings that will include interior renovations as well as outdoor enhancements.
Brian Linnihan, Mike Ryan, JP Cordeiro and Taylor Crowder of Cushman & Wakefield secured the floating rate loan on behalf of the buyers through lender Blackstone.
- ◦Sale/Acquisition
- ◦Financing
