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Colliers Closes $15M Loan on Industrial Portfolio

ATLANTA-A life insurer finances three distribution buildings in Georgia and Texas.

By Carl Cronan | Updated on February 16, 2010

ATLANTA-Locally based Colliers Spectrum Cauble has closed on a $15-million loan through life insurer Unum Group on a three-building regional industrial portfolio. A joint venture between locally based Seefried Properties and Frapag America owns the buildings, which total 551,631 square feet.

Two of the buildings are at Northmont Distribution Center in Atlanta’s Northeast submarket and are fully leased. The third, at RiverPark Distribution Center in Fort Worth, TX, is 70% leased.

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