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ALPHARETTA, GA-A locally based real estate partnership hasacquired a 54,491-sf class A office building at 6435 Shiloh Rd. inthe Corporate Campus at the Meadows for $8.5 million, or $155 persf. The acquisition price equated to an approximately 7.5% going-incapitalization rate.
New York City-based Sonnenblick Goldman arranged thenon-recourse, 10-year fixed-rate financing for the acquisition.Sonnenblick secured more than 96% leverage for the borrower in thetransaction, with a $6.9-million senior loan provided by New YorkCity-based Dillon Read and a $1.25-million mezzanine loan providedby New York City-based RCG Longview, which is an affiliate of hedgefund Ramius Capital Group.
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