|
|
 |
|
|
|
|
Press Release
|
Contact: Nick Derasmo (212.841.7505) |
|
|
|
Cushman & Wakefield Arranges $112 Million Loan for Iconic Office Tower |
|
|
Wednesday, August 01, 2012
-
Atlanta, GA
-
Cushman & Wakefield’s Atlanta office announced that its Equity, Debt & Structured Finance team arranged a $112 million loan to refinance downtown Atlanta’s iconic Georgia-Pacific Center on behalf of GA-MET LLC, a Limited Liability Company owned by Georgia-Pacific LLC and Metropolitan Life Insurance Company.
Georgia-Pacific Center is a 51-story, 1.1 million square foot, Class A office building located in the downtown Atlanta. The asset has served as Georgia-Pacific’s headquarters since its original construction in 1982.
“We have seen a significant increase in the number of capital providers lending on deals in Atlanta over the last twenty-four months, especially for loans in excess of $75 million. There was an extremely competitive landscape for Georgia-Pacific Center from the lending community. The impeccable rent roll, institutional sponsorship, modest loan-to-value ratio were well within the target strike zones” said Mike Ryan, Senior Managing Director for Cushman & Wakefield’s Equity, Debt & Structured Finance Atlanta office.
“Georgia-Pacific Center has been a fixture in Atlanta’s skyline for 30 years. An asset of this caliber received considerable interest from the lending community,” added Bill Runge of MetLife.
Mike Ryan, Brian Linnihan, Jeff Walker, and Larry Johnson represented Georgia-Pacific LLC and Metropolitan Life Insurance Company on the financing effort.
About Cushman & Wakefield Equity, Debt & Structured Finance: Cushman & Wakefield Equity, Debt & Structured Finance is a premier real estate investment banking organization serving the financing needs of the real estate industry for over a century. Founded in 1893, and previously known as Sonnenblick Goldman Company, the firm provides a full range of real estate related financial services, including debt and equity placement and joint venture structuring for virtually all product types, investment sales for lodging properties and senior housing/skilled nursing, mortgage loan sales, and advisory services on a global basis as part of the Cushman & Wakefield Capital Markets Group. Headquartered in New York City, Cushman & Wakefield Equity, Debt & Structured Finance has additional offices in Atlanta, Boston, Chicago, Los Angeles, Orlando, San Diego, San Francisco and Washington DC.
About Cushman & Wakefield: Cushman & Wakefield is the world's largest privately-held commercial real estate services firm. Founded in 1917, it has 234 offices in 61 countries and more than 13,000 employees. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies. It offers a complete range of services within five primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, investment banking, debt and equity financing; Client Solutions, including integrated real estate strategies for large corporations and property owners, Consulting Services, including business and real estate consulting; and Valuation & Advisory Services, including appraisals, highest and best use analysis, dispute resolution and litigation support, along with specialized expertise in various industry sectors. A recognized leader in global real estate research, the firm publishes a broad array of proprietary reports available on its online Knowledge Center at www.cushmanwakefield.com. |
|
|
About Cushman & Wakefield Sonnenblick Goldman
Cushman & Wakefield Sonnenblick Goldman is the industry’s leading independent real estate investment banking firm. The firm was founded as Sonnenblick Goldman in 1893 and it merged with Cushman & Wakefield in 2007. Cushman & Wakefield Sonnenblick Goldman provides a full range of real estate financial services, including debt and equity placements, joint ventures, hospitality investment sales and workout advisory services, and it collaborates world-wide with other divisions of Cushman & Wakefield. Further information can be found at the firm’s website at www.cushwake.com/sonngold.
|
|
|
|