Ben Mingle Of Centurion Foundation Acquires Mixed-use Asset In Atlanta For $95 Million
4800 Briarcliff Road Northeast
$95,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Jul 16, 2026
About this deal
AI
The asset involved in this transaction is a mixed-use property located at 4800 Briarcliff Road Northeast in Atlanta, GA. It was sold for $95,000,000 and includes a long-term lease agreement with Emory Healthcare, which plans to expand its presence in the nearly 274,000-square-foot property. This transaction marks a significant step in the redevelopment of the Northlake Mall into a healthcare-focused hub, with potential financing of up to $225 million allocated for future development initiatives.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $95,000,000
- Buyer: Ben Mingle - Centurion Foundation
- Seller: Anthony Ruggeri - ATR Corinth Partners
Ben Mingle represents the buyer, Centurion Foundation, while Anthony Ruggeri represents the seller, ATR Corinth Partners. Emory Healthcare will become the primary tenant of the facility, indicating a strategic shift towards healthcare services in the area.
Atlanta Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93