Northmarq arranges $20.93M financing for three-property industrial portfolio in Atlanta metro
ATLANTA — Northmarq’s Atlanta-based Debt + Equity team led by Josh Darby and Van Glosson successfully secured $20.93 million in permanent fixed-rate financing for the Atlanta Shallow Bay Portfolio, a three-property industrial small-bay portfolio located in the Atlanta metro. The portfolio totals 199,556 square feet across three properties and eight buildings and caters to a light industrial, distribution and service-oriented tenancy.
The portfolio includes:
- 963 N. Burnt Hickory Rd., Douglasville, Georgia | 89,732 square feet.
- 2658 Holcomb Bridge Rd., Alpharetta, Georgia | 70,367 square feet.
- 1400 S. Marietta Parkway SE, Marietta, Georgia | 39,457 square feet.
Northmarq arranged the permanent fixed-rate loan on behalf of the borrower, an Atlanta-based owner, through Alliant Credit Union.
“Lenders have shown growing interest in shallow-bay industrial assets in recent years due to their diversified, multi-tenant profile, and this transaction generated significant lender interest,” Darby said. “Our client has successfully executed its business plan since acquisition, driving meaningful rent growth across the portfolio. Alliant delivered an attractive fixed-rate financing solution that provides stability today while preserving the opportunity to capture future upside.”
The portfolio is strategically positioned within the Atlanta industrial market, offering flexible layouts to cater to a wide range of users seeking infill industrial product.
Meet our team
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $80 billion and has completed $91.3 billion in transactions over the past fours years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
