ATLANTA—Wondering just how hot industrial is getting in Atlanta? The capital markets certainly seem ready and willing to make bets there.

HFF arranged $72.256 million in acquisition financing for Cobb West Business Park. Cobb is a 16-property industrial portfolio totaling 1.726 million square feet in Austell, GA. Austell is a suburb west of Atlanta.

HFF's senior managing director Brian Carlton and director Gregg Shapiro worked on behalf of the borrower, High Street Realty Company, and an institutional joint-venture partner.  The financing was structured as a $61.256 million senior mortgage through SunTrust Bank and an $11 million mezzanine loan through Principal Global Investors.

“Capital sources are more interested in portfolios than they were in 2010 and 2011,” Philip Carroll, senior vice president and South Florida regional manager for Grandbridge Real Estate Capital, told attendees at RealShare Industrial in Miami last month. “There's definitely a premium in pricing and probably in the funding of those portfolios.”

Cobb West Business Park is located south of Interstate 20 at 960, 980, 1080, 1218, 1220 and 1230-A, B and C Six Flags Road; 7800, 7895, 7950 and 7995 Third Flag Parkway and 7948, 7990, 8005 and 8015 Second Flag Drive. The industrial business park is about a 10-minute drive from Interstate 285 and about 15 minutes from Interstates 75 and 85, Downtown Atlanta and Hartsfield-Jackson Atlanta International Airport.