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Stoltz Acquires Atlanta/Nashville Warehouse Portfolio
CBRE has arranged $188.3 million in financing for the acquisition of a 24-building, 1.9 million-square-foot infill industrial portfolio located throughout Atlanta and Nashville. The borrower was Stoltz Real Estate Partners. The financing was secured through Starwood Property Trust.
The assets within the portfolio, which range in size from 12,600 square feet to 222,683 square feet and were built between 1974 and 1998, are 93% leased to 80 tenants with a weighted average lease term of 3.6 years.
The portfolio comprises 17 assets across three submarkets in Atlanta totaling 1,051,187 square feet and 65 tenants. The properties are located in last-mile locations throughout the Atlanta MSA, serving 6.2 million people in the eighth-largest MSA in the country. Seven of the assets were in the Nashville area, totaling 866,053 square feet and 15 tenants across three submarkets.
Brian Linnihan, Mike Ryan, Richard Henry, and Taylor Crowder with CBRE Capital Markets’ Debt & Structured Finance in Atlanta represented the borrower.
- ◦Sale/Acquisition
- ◦Financing
