previouslyreported that Austin, TX-based Capital Commercial InvestmentsInc. purchased the parks for $48 million this fall from Urdang, anaffiliate of BNY Mellon Asset Management. The properties encompass14 buildings on 48 acres, with American Business Center located at1395 South Marietta Parkway and WhiteWater Business Center at 200North Cobb Parkway.


Holliday Fenoglio Fowler placed the five-year, fixed-rate loanwith Chicago-based PPM Finance Inc. on behalf of the new owner andprovides money for tenant improvements and capital expenses neededat both properties. Mark Sixour, senior managing director, andMichael Cale, director, both with HFF's Atlanta office, worked onthe refinancing with Wally Reid, managing director of the firm'sHouston office.


The American and WhiteWater parks are in Atlanta's northwestsubmarket, near Interstates 75 and 285 as well as Dobbins Air ForceBase. Both are 68% occupied with several large new leases pendingearly next year, according to Bill Kouchalakos, partner andmanaging director of Capital Commercial.


Holliday Fenoglio Fowler, part of Pittsburgh-based HFF Inc., has18 offices nationwide and is a leading provider of commercial realestate and capital markets services. In addition to Atlanta, thefirm has one other Southeast office in Miami.

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