Walker & Dunlop's Quarton adds, “This property represented a secure loan with an experienced sponsor in a burgeoning market with predictable cash flow on a long-term basis.”

The recently financed assets in the Marietta Technology Center consist of four single-story, highly renovated office buildings originally constructed between 1983 and 1985.

The properties benefit from a number of large corporate headquarters operations are within five miles of the asset, including Genuine Parks, Printpack, HD Supply and Race Trac Petroleum. They are located just three quarters of a mile from I-75, Atlanta's primary northwest/southeast artery. The Marietta submarket also benefits from its close proximity to the city. With an employer base of Fortune-500 corporations, world-class centers of education and healthcare, and technology startups, the region is poised to continue its trajectory of robust economic growth and to stimulate its neighboring localities, Walker & Dunlop notes.

Back in August 2017, Walker & Dunlop closed an approximate $59-million combination of bridge and equity financing for Praelium Commercial Real Estate and South Street Partners in acquiring Newmarket Business Park, a 471,486 square foot, Class B, multi-tenant office property in Marietta.

The debt was placed by a debt fund and arranged as a floating rate bridge loan with full-term interest only payments. A hedge fund invested the equity.

In a separate deal outside of its partnership with Praelium Commercial Real Estate, South Street Partners acquired The Cliffs, a group of seven luxury residential developments on approximately 20,000 acres in the Blue Ridge region of North and South Carolina for an undisclosed amount, according to a report in the Charlotte Business Journal.

 Earlier this month in a deal structured by Walker & Dunlop, Toronto-based Brass Enterprises secured $65.2 million in financing in connection with its recent purchase of The Hermitage Apartment Homes in Downtown St. Petersburg, FL.