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ALPHARETTA, GA-A locally based real estate partnership has acquired a 54,491-sf class A office building at 6435 Shiloh Rd. in the Corporate Campus at the Meadows for $8.5 million, or $155 per sf. The acquisition price equated to an approximately 7.5% going-in capitalization rate.

New York City-based Sonnenblick Goldman arranged the non-recourse, 10-year fixed-rate financing for the acquisition. Sonnenblick secured more than 96% leverage for the borrower in the transaction, with a $6.9-million senior loan provided by New York City-based Dillon Read and a $1.25-million mezzanine loan provided by New York City-based RCG Longview, which is an affiliate of hedge fund Ramius Capital Group.

Dave Karson, of Sonnenblick Goldman, tells GlobeSt.com that the seller acquired the property in partnership with GE. "This was the one stable asset in a portfolio," he says. "The seller decided to sell it to help capitalize the balance of the portfolio."