CBRE has successfully facilitated the financing of a 24-building industrial portfolio in Atlanta and Nashville, totaling 1.9 million square feet. The borrower, Stoltz Real Estate Partners, secured $188.3 million in financing through Starwood Property Trust.
The portfolio consists of properties built between 1974 and 1998 with sizes ranging from 12,600 to 222,683 square feet. Currently at a high occupancy rate of over93%, the assets are leased to80 tenants with an average lease term of3.6 years.
Comprising three submarkets within Atlanta,Mike Ryan,Brian Linnihan,Richard Henry,andTaylor Crowderof CBRE Capital Markets’ Debt & Structured Finance team represented Stoltz Real Estate Partners during this transaction.The properties are strategically located throughout the metro area,servinga populationof6.2 million peoplein one ofthe largest MSAs in the country.Seven additional assets were included in this acquisition,in Nashville,totaling866,o53squarefeetand15tenantsacross threesubmarkets.
This successful acquisition by Stoltz Real Estate Partners highlights their continued growth and investment strategy within these key markets.CBRE is proud to have played a rolein facilitatingthis significant transaction for our client.Starwood Property Trust’s involvement further demonstrates their commitmentto providing quality financial solutions for commercial real estate investments across various industries.
