CBRE Secures $15.4M Financing For Acquisition Of Atlanta Warehouse Portfolio

CBRE has successfully secured $15.4 million in financing for the acquisition of a warehouse portfolio in Atlanta, Georgia. The portfolio includes two buildings with a total of 166,687 square feet and is located near Hartsfield-Jackson Atlanta International Airport. The sale price for this transaction was $15.4 million, and the price per square foot was $92.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $15,400,000
• Square Footage: 166,687
• Address: 4601 Welcome All Road & 5066 Charbett Drive, Atlanta, GA
• Market: Atlanta, GA

The buyer in this transaction is LRC Properties, while the brokers involved in the deal were Brian Linnihan, JP Cordeiro, Mike Ryan, and Richard Henry, all representing CBRE. The lender for this acquisition was Timbercreek Capital.

This financing secured by CBRE allows LRC Properties to acquire the warehouse portfolio near Atlanta's busy international airport. The strategic location of the buildings is advantageous for businesses looking for storage and distribution facilities in the area. The transaction showcases CBRE's ability to facilitate successful deals in the industrial real estate market.