Avistone Secures $9.8M Loan For Pike Center Industrial Property In Lawrenceville, GA

The asset involved in this transaction is an industrial property located at 575, 585 & 595 Old Norcross Road in Lawrenceville, GA. The property encompasses 96,651 square feet and was financed with a loan amounting to $9,800,000 for acquisition purposes.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $9,800,000
• Lender: Grant Street Funding
• Landlord: Avistone
• Brokers: Wells Waller, Jack Britton & Gabriel Davenport - JLL

This financing deal was facilitated by JLL, highlighting the strong demand for stable, cash-flowing assets in Atlanta's industrial market, as evidenced by the nearly fully leased status of the Pike Center.