Atlanta & Southeast + Office | November 17, 2020

JV Secures $90M Refinancing for Resurgens Plaza Office Tower in Buckhead

Cushman & Wakefield has secured a $89.7 million leasehold loan to refinance Resurgens Plaza, a 402,929-square-foot office tower located in Atlanta’s Buckhead submarket.

The 26-story LEED-Gold certified building is situated along East Paces Ferry Road and offers tenants direct connectivity to a MARTA station. Resurgens Plaza is currently 88% leased to 21 tenants with less than 25% of the rent roll expiring in the next five years. Renovations over the last three years at the property have included elevator modernizations, upgraded conference spaces, new rooftop deck, roof replacements, grand lobby renovations, new HVAC and white-boxing of vacant spaces.

Brian Linnihan and Mike Ryan of Cushman & Wakefield arranged the refinancing through lender Aareal Capital Corp. on behalf of a joint venture between Zeller and Partners Group.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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