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MARIETTA, GA- The owners of the 469,487-sf New Market Business Park on New Market Parkway have received $37 million in permanent financing for the property. CBRE/Melody’s South Florida office Senior Director Charles Foschini, CB Richard Ellis institutional group Executive Vice President Christian Lee and CB Richard Ellis investment properties group Christopher Apone arranged the permanent financing through a correspondent lender on behalf of Jacksonville-based owner Capital Partners Inc., which recently changed its name to Eola Capital.

Foschini tells GlobeSt.com that after purchasing the property, Eola was able to add value to it through lease-up efforts. The property was acquired in December 2004 from Chicago-based Trizec Properties. “They were able to add substantial value to the building and decided to obtain permanent financing for it,” he says.

New Market Business Park consists of six buildings, a 38,506-sf building at 2110 New Market Parkway, an 85,951-sf building at 2121 New Market Parkway, a 110,558-sf building at 2161 New Market Parkway, a 108,817-sf building at 2211 New Market Parkway, a 70,721-sf building at New Market Parkway and a 59,037-sf building at 2250 New Market Parkway. The buildings are 88% leased to 46 tenants. Among tenants are H&R Block Mortgage, Cork-Howard Construction, Matria Healthcare, Travelers Bank & Trust, American Freedom Mortgage, Aderans Research Institute, West Asset Management and Primedia Special Interest.

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