High-Quality Asset with Stable Cash Flow
STABLE & DEPENDABLE CASH FLOW ANCHORED BY TAYLOR ENGLISH LAW FIRM – 89.5% LEASED
9 DIVERSE INDUSTRIES REPRESENTED WITH A 6.1 YEAR AVERAGE REMAINING LEASE TERM
EXCELLENT LOCATION & CONVENIENT ACCESS TO I-75, I-285, SUNTRUST PARK (BRAVES MLB), THE BATTERY & NUMEROUS AMENITIES
ATLANTA’S OFFICE FUNDAMENTALS EXTREMELY STRONG
ATLANTA’S ECONOMY CONTINUES TO GROW, SOLIDIFYING IT AS THE CAPITAL OF THE SOUTHEAST
GEORGIA CONTINUES ITS RANK AS THE #1 STATE FOR CONDUCTING BUSINESS (4 YEARS RUNNING)
Colliers International, in conjunction with RealINSIGHT Marketplace, has been retained on an exclusive basis to facilitate the sale of 1600 Parkwood (the “Project” or “Property”), a 6-story 154,668 square foot class B+ building located in the Cumberland/Galleria market of Atlanta, Georgia. This 89.5% leased asset is in the northeast quadrant of I-75 and I-285 with excellent access to a deep surrounding amenity base of retail, dining, hospitality and entertainment options, including The Battery at SunTrust Park (Braves), Cumberland Mall, Cobb Energy Performing Arts Centre and numerous nature trails in the surrounding Chattahoochee National Forest.
1600 Parkwood is anchored (51% of the Project) by the law firm of Taylor English & Duma, a 150 attorney law firm that has a value-driven business model with a lean structure whose lease does not mature until September of 2026. The remaining tenancy is made up of 10 companies covering eight industries, producing a diversified and thus, dependable, cash flow. Overall, the existing rent roll provides a weighted average remaining lease term of 6.1 years. Additional building amenities include structured parking, a cafe, and a fitness workout facility.
1600 Parkwood offers the investor an opportunity to invest in a stable, high-quality asset with excellent tenancy located in one of Atlanta’s leading submarkets.
All investors who are interested in engaging Colliers International-Atlanta, LLC (“CIA”) and CW Capital Markets (“CW”) (collectively “CIA/CW”), a financial intermediary, to assist in arranging financing for the property should contact Hank Hall or Hagan Dick at CIA (email@example.com ; (404) 877-9264 and firstname.lastname@example.org (404) 877-9297).
Throughout the marketing period, CIA will provide investors with real-time debt quotes from various capital sources. It is to the investor’s benefit to contact Hank Hall or Hagan Dick early in the process to discuss available lending terms, along with the advantages of engaging CIA/CW on the financing versus completing an all-cash acquisition.
Benefits of Engaging CIA/CW In Arranging Financing Include:
• Transparency: Continued transparency in the debt capital markets for the subject opportunity based on real-time conversations CIA is having with lenders
• Access to Property: Lender will have access to the property, post-contract, to complete their diligence prior to closing
• Financing In-Place: Allows the investor to close with financing in place
Note: Benefits referenced above will only be made available to investors who engage CIA/CW prior to the auction start date. It is recommended that investors contact CIA early in the process.
Colliers International’s Capital Markets Group/Debt and Equity Finance
The Atlanta office of Colliers International’s Capital Markets Group/Debt and Equity Finance has been a leading mortgage banker in the southeastern U.S. for 51 years, providing capital markets expertise to develop the most creative financing strategies to exceed client expectations. Our established relationships with insurance companies, investment banks, foreign and domestic banks, and pension funds have allowed us to provide our clients with the most competitive terms and most reliable executions in the debt and equity market.
Colliers International-Atlanta arranges:
• Fixed-rate loans
• Construction loans
• Forward loans
• Floating-rate loans
• Construction/permanent loans
• Bridge/acquisition loans
• Credit-tenant lease transactions
Hank Hall is a Senior Vice President/ Principal with Colliers International’s Capital Markets Group/Debt and Equity Finance. Hank has 31 years of experience in arranging debt and equity financing for office, industrial, multifamily, retail, and hospitality properties in the Southeast. Career production exceeds $2.7 billion.
Hagan Dick is a Vice President with Colliers International’s Capital Markets Group/Debt and Equity Finance. Hagan has 12 years of experience in arranging debt and equity funding for office, industrial, multifamily, retail, and self-storage from a variety of sources, including insurance companies, commercial banks, debt funds, private equity, and CMBS lenders. Career production exceeds $1 billion.
Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.
Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.
You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
1600 Parkwood Circle, Atlanta, GA 30339
Platform fee for this transaction is 5.00% or a minimum of $25,000.
Cooperating brokers may be eligible for a 0.50% co-op fee if their client is the winning bidder. If you are a broker, click here to login and identify your client.
Lamar P. Fisher
Fisher Auction Company Inc.