GlobeSt.com previously reported that Austin, TX-based Capital Commercial Investments Inc. purchased the parks for $48 million this fall from Urdang, an affiliate of BNY Mellon Asset Management. The properties encompass 14 buildings on 48 acres, with American Business Center located at 1395 South Marietta Parkway and WhiteWater Business Center at 200 North Cobb Parkway.

Holliday Fenoglio Fowler placed the five-year, fixed-rate loan with Chicago-based PPM Finance Inc. on behalf of the new owner and provides money for tenant improvements and capital expenses needed at both properties. Mark Sixour, senior managing director, and Michael Cale, director, both with HFF's Atlanta office, worked on the refinancing with Wally Reid, managing director of the firm's Houston office.

The American and WhiteWater parks are in Atlanta's northwest submarket, near Interstates 75 and 285 as well as Dobbins Air Force Base. Both are 68% occupied with several large new leases pending early next year, according to Bill Kouchalakos, partner and managing director of Capital Commercial.