Top Rock Holdings Secures $80M Refinance Loan For 1.03M SF Huntsville Office Portfolio

A 1,030,000 square foot office portfolio located at 200 Clinton Ave in Huntsville, AL has recently secured an $80 million loan for refinancing. The loan was provided by citibank''>Citibank and Deutsche Bank. The property is owned by @TopRockHoldingsNYC and was acquired in March 2020 for $83 million. The office portfolio is part of the Cummings Research Park, a 3,843-acre tech park that specializes in aerospace and cyber defense.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $80,000,000
• Address: 200 Clinton Ave, Huntsville, AL
• Market: Huntsville, AL
• Asset Type: Office
• Square Footage: 1,030,000
• Lender: Citibank & Deutsche Bank
• Landlord: @TopRockHoldingsNYC
• Brokers: Robert Verrone & Kempton Coady - Ironhound Management

According to @TopRockHoldingsNYC, the $80 million loan was obtained for the 1,030,000 SF office portfolio, which had been purchased for $83 million. The property is part of the Cummings Research Park, one of the largest research parks in the country. This tech park has a focus on aerospace and cyber defense.