ATLANTA-Meritex Enterprises, a private realestate investment and management company in Minneapolis, has closedon a debt and equity joint venture with an institutional partner.The deal involves Meritex’s 10-building, 726,500-square-foot officeand warehouse portfolio in Atlanta.

Doug Seylar and MurrayKornberg of CB Richard Ellis' Minneapolis Debt and EquityFinance division facilitated the deal. The institutional partnerinvested $24 million. The funding included a secured loan and anequity investment.

“Meritex did not disclose its original purchase price, but thefirm retains a significant equity position,” Seylar tellsGlobeSt.com. “This transaction confirms that Atlanta remains adesirable investment market for institutional investors.”

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