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JLL Secures $422M Refinancing for Buckhead’s Piedmont Center Office Complex
JLL has secured a $421.8 million loan to refinance Piedmont Center, a 14-building, 2.2 million-square-foot, office complex in Atlanta.
Piedmont Center is located on 45 acres at 3495-3575 Piedmont Rd. NE in Atlanta’s Buckhead submarket. Built in various stages between 1977 and 1998, Piedmont Center recently underwent renovations to its exterior and amenity areas with additional improvements planned over the next few years. The tenant roster across the portfolio includes firms in the healthcare, technology and professional services industries.
Ed Coco and Matt Casey of JLL represented the borrower, The Ardent Cos., in securing the floating-rate loan. Proceeds were used to refinance the debt of Ardent’s existing holdings within Piedmont Center plus the acquisition of four additional buildings within the office complex.
- ◦Financing
