Search
 

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.