CBRE has arranged the refinancing of Platinum Tower, a 312,591-square-foot Class A office tower in Atlanta’s Cumberland/Galleria submarket. Brian Linnihan, Mike Ryan and JP Cordeiro with CBRE Capital Markets’ Debt & Structured Finance in Atlanta represented the borrower Accesso in securing a five-year CMBS loan from an American multinational financial services firm.
The 17-story office tower at 400 Interstate North Parkway is near the intersection of I-75 and I-285 and within walking distance to The Battery – a 2.3 million sq. ft mixed use development anchored by Truist Park (home to MLB’s Atlanta Braves).
“The Cumberland/Galleria submarket has been a magnet for growth over the last decade,” said CBRE Vice Chairman Linnihan “with over 3,500 new businesses and 70,000 jobs added since 2010.” He further noted that “Platinum Tower’s top tier amenities coupled with its strong tenant base make this an exciting project due to its potential for continued market growth.”
