REBusinessOnline

AloStar Provides Two Loans for Office, Retail Properties in Metro Atlanta Totaling $23.6M

1100 Circle 75 Atlanta

1100 Circle 75 is a 16-story office building in Atlanta’s Cumberland/Galleria submarket. (Photo courtesy of LoopNet Inc.)

ATLANTA — AloStar has provided two loans for an office building and shopping center in metro Atlanta totaling $23.6 million. The bank funded both loans through its commercial real estate platform, AloStar Real Estate Finance. The financing included a $19 million loan for 1100 Circle 75, a 16-story office building in Atlanta’s Cumberland/Galleria submarket, and a $4.6 million loan for Shoppes at Trickum, a 49,900-square-foot, Walmart-anchored shopping center in Woodstock that is also leased to Dollar Tree and rue21. AloStar provided the acquisition financing for Shoppes at Trickum to Shoppes at Trickum LLC, an affiliate of SunCap Real Estate Investments.

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