Cushman & Wakefield announced today that the commercial real estate services firm has secured $20.7 million in refinancing on behalf of CIP Real Estate LLC for Brook Hollow Center, a five-building industrial park located in Norcross, Georgia.
Brian Linnihan, Mike Ryan and JP Cordeiro of Cushman & Wakefield secured the five-year, fixed-rate loan through Grant Street.
“CIP Real Estate has done a tremendous job leasing up the vacancy at the property in a short period of time,” Linnihan said. “This momentum was instrumental in attracting a wide range of lenders.”
Located at 5172, 5182, 5192, 5201, and 5202 Brook Hollow Parkway in the I-85 Northeast submarket, the fully leased buildings total 252,698 square feet. The properties include 16’ to 18’ clear heights, dock-high loading configurations and a prime location between two major Interstate 85 interchanges.