Updated Aug 31, 2026
Griffin Capital Secures $48 Million Refinance Loan From Aegon Asset Management For Industrial Asset
1650 Macom Drive
$48,000,000
$49/SF
Building Size
978,000 SF
Asset Type
Industrial
Closing
Aug 26, 2026
About this deal
AI
The property asset involved in this transaction is located at 1650 Macom Drive in the DeKalb market. It is an industrial asset featuring a total square footage of 978,000. The loan amount secured for this property is $48,000,000 through a refinance loan with a term of 11 years.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $48,000,000
- Loan Type: Refinance
- Loan Terms: 11 years
- Lender: Aegon Asset Management
- Borrower: Griffin Capital - Kevin Shields
- Landlord's Representative: Michael Guterman - Bellwether Enterprise
Key individuals in this transaction include Kevin Shields, representing Griffin Capital as the borrower, and Michael Guterman, acting as the landlord's representative through Bellwether Enterprise. Their involvement is crucial in the execution of this refinancing deal.
Players
Dekalb Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93