Cobb West

HFF Arranges $72.3M in Acquisition Financing for Industrial Park in Metro Atlanta

by John Nelson

AUSTELL, GA. — HFF has arranged $72.3 million in acquisition financing for Cobb West Business Park, a 16-property industrial campus totaling 1.7 million square feet in Austell, a western suburb of Atlanta. The financing was structured as a $61.3 million senior mortgage through SunTrust Bank and an $11 million mezzanine loan through Principal Global Investors. HFF arranged the financing on behalf of the borrowers, High Street Realty Co. LLC and an institutional joint venture partner. Brian Carlton and Gregg Shapiro led the HFF debt placement team in the deal.

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