(To read more on the debt and equity markets, click here.)
DULUTH, GA-Two Georgia properties have received a total $35 million in financing packages provided by separate lenders.
In suburban Atlanta, 3312 Berkeley Lake Road Investors LLC, the new owner of the one-million-sf Gwinnett Regional Distribution Center in Duluth, received $23 million from Wells Fargo Commercial Mortgage. The proceeds were used by the borrower to buy the largest distribution center in the county and for operating purposes.
Q10/New England Realty Resources of Boston was the mortgage broker who found the financing for the property at 3312 Berkeley Lake Rd., considered the center of Atlanta's industrial submarket. Tenants include Broder Bros. Co., Trade Am International Inc., Conroy Logistics and DSA Warehouse LLC.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
