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HFF, CushWake Arrange Debt for Ardent’s Piedmont Center 14
HFF and Cushman & Wakefield have arranged $284 million in financing for the acquisition of Piedmont Center 14 and recapitalization of the borrower’s existing holdings within the Piedmont Center office park in Atlanta’s Buckhead submarket.
The HFF and Cushman & Wakefield teams worked on behalf of the borrower, the Ardent Companies, to secure the floating-rate loan through the lender, a Brookfield-sponsored real estate debt fund.
The collective team representing the borrower included HFF’s Ed Coco and Matt Casey with HFF, and Cushman & Wakefield’s Michael Ryan, Brian Linnihan and Richard Henry.
“With the acquisition of Piedmont 14, The Ardent Companies has expanded its holdings within Piedmont Center to complement and enhance their previous acquisitions in 2016 and 2017,” said Coco.
Linnihan added that with its location in one of Atlanta’s prime office markets, “Piedmont Center 14 will add tremendous value to the Ardent Companies’ portfolio.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Sale/Acquisition
