Harrison Street, Ackerman & Co. JV Lands $51M for Atlanta MOB Portfolio

8/12/2024

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CPE

• Subcategory: Capital Markets: Debt, Medical: Office, Office: Urban

• Tag: Closing | JV-Partnership | Operations | Strategy

• Additional Filters-Subcategory: Capital Markets: Debt-Loan, Capital Markets: Debt-Refinance, Medical: Clinic, Medical: Life Sciences, Medical: Off Campus, Medical: Physical Therapy, Medical: Primary Care

• Company: Harrison Street Real Estate Capital

Harrison Street and Ackerman & Co. have refinanced Perimeter Town Center, a 274,284-square-foot medical office building portfolio in Sandy Springs, Ga. Mesa West Capital provided the three-year, $51.3 million loan, according to Fulton County records. JLL worked on behalf of the borrower.

The funds will be used for capital improvements, partially cover the cost for recent leasing and near-term lease maturities and repay existing debt. The property was previously subject to a $44.1 million bridge loan held by Capital One, with a maturity date set for 2023, CommercialEdge data shows.