ATLANTA—HFF arranged $16.2 million in financing for Ellsworth Lofts, a three-building, adaptive-reuse creative office and retail complex. The complex totals 90,817 square feet in Atlanta's West Midtown submarket.
The HFF team worked on behalf of the borrower, Origin Investments, to secure the five-year, floating-rate loan through Wells Fargo Bank. Loan proceeds were used to acquire the property. HFF managing director Gregg Shapiro arranged the loan.
“Ellsworth Lofts is ideally located in West Midtown, along the Beltline, which has seen tremendous growth in demand for creative office spaces that boast open floorplans that foster a collaborative environment,” Shapiro tells GlobeSt.com. “Ellsworth also benefits significantly due to its proximity to Georgia Tech, which is a premier recruitment center for start-ups and tech companies.”
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.