MERIDIAN CAPITAL ARRANGES $19M ACQUISITION LOAN FOR OFFICE PORTFOLIO

ALPHARETTA AND DULUTH, GA. — Meridian Capital Group LLC has arranged $19 million in acquisition financing for the purchase of Brookside Concourse in Alpharetta and Chattahoochee Corners in Duluth. Brookside Concourse spans four buildings totaling 153,500 square feet and is 70 percent leased. Chattahoochee Corners spans five buildings totaling 250,000 square feet and is 60 percent occupied. Michael Brown and Noam Kaminetzky of Meridian Capital Group’s Boca Raton, Fla., office arranged the three-year, non-recourse loan through a balance sheet lender.