HUNTSVILLE, AL—Berkadia has secured a $51-million loan to refinance a 670,890-square-foot office/flex portfolio in Cummings Research Park in Huntsville, AL– the second-largest research park in the United States. The three-property portfolio consists of Perimeter Center (two mid-rise office buildings); Progress Center (five single-story office/flex buildings); and 110 Wynn (two single-story office/flex buildings).
According to a prepared release, the portfolio, which sits approximately six miles from downtown Huntsville, is 91% leased.
Senior Managing Director Charles Foschini and Managing Director Christopher Apone of Berkadia Miami secured financing on behalf of the owner, Triangle Capital Group, a private real estate firm with over $1 billion of assets in 16 states. The lender, Blue Vista Finance, provided a seven-year, fixed-rate loan, with 5 years interest only, and a 30-year amortization thereafter.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
