ATLANTA—PCCP has placed a $30 million senior loan to refinance an office building in Atlanta’s Cumberland/Galleria submarket. Located at 5660 New Northside, the class A office building spans 272,650-square feet and is 93% leased. Banyan Street Capital lead an equity consortium to refinance existing debt on the asset.

“PCCP was attracted to this deal because of the quality of the asset, tenancy, sponsorship, and highly visible location,” Barrie Bloom, a vice president at PCCP, tells GlobeSt.com. Built in 1989, the 14-story office building sits on a 6.22-acre site. In addition to surface parking, the property has four-level parking deck that can host 929 vehicles.

The office building was initially purchased by the equity consortium as part of a southeastern U.S. office portfolio acquisition. At that time the property was 67% occupied.