ATLANTA—Wondering just how hot industrial is getting in Atlanta?The capital markets certainly seem ready andwilling to make bets there.
HFF arranged $72.256 million in acquisitionfinancing for Cobb West Business Park. Cobb is a 16-propertyindustrial portfolio totaling 1.726 million squarefeet in Austell, GA. Austell is a suburb west of Atlanta.
HFF's senior managing director Brian Carltonand director Gregg Shapiro worked on behalf of theborrower, High Street Realty Company, and aninstitutional joint-venture partner. The financing wasstructured as a $61.256 million senior mortgage throughSunTrust Bank and an $11 million mezzanine loanthrough Principal Global Investors.
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