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ATLANTA-State Farm Life Insurance Co. of Bloomington, IL is loaning Peachtree North Associates, a McDonald Development Co. partnership, $26.88 million on four warehouses totaling 700,000 sf in the Peachtree North business/industrial park in nearby Gwinnett County.

Among the tenants are Expotechnik, Turnils North America, Service Partners, J.C. Penney, Mitsubishi Wireless, Harrison Co., Weg Electric Motors and DH Supply.

Interest rate, terms, amortization and type of loan were not disclosed in a prepared statement from Houston-based L.J. Melody & Co. which arranged the funding with CB Richard Ellis Inc. Kevin Troy in Melody’s Atlanta office handled the deal.

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