ATLANTA—As Atlanta’s office market shows improvement, assets like Powers Ferry Business Park are winning refis. The five-building, 256,600-square-foot multi-tenant office park just closed a $15 million first mortgage. Meanwhile, trophy assets in Atlanta are in high demand.

Grandbridge Real Estate Capital’s Jacksonville office closed the deal. Grandbridge senior vice president Taylor Williams handled the loan, which was funded through AIG Global Real Estate. The 10-year fixed rate mortgage closed with a 4.6% interest rate and is interest-only for the first 24 months, amortizing on a 30-year schedule thereafter.

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