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Mar

09

Atlanta Medical Office Development Receives $16M Financing

By Tony Seruga

Square Mile Capital Management LLC has originated the loan on behalf of developer, The Loudermilk Cos.

Atlanta—Square Mile Capital Management LLC has announced that the company has arranged a $15.8 million mezzanine loan to finance the construction of a medical office building in Atlanta. The asset is being developed by Atlanta-based real estate development and investment firm The Loudermilk Cos. Cushman & Wakefield is leasing the office building that is slated to come online in 2018

Located at 371 East Paces Ferry Road NE in Buckhead Village neighborhood, the project is one block east of Oliver McMillan’s new $1 billion mixed-use development and is within walking distance from numerous upscale dining and entertaining establishments. In addition, 371 East Paces will offer patients and tenants convenient access to Atlanta’s major hospital campuses, being strategically situated within a perimeter where only five Class A MOBs have been delivered in the past 15 years…

Atlanta Medical Office Development Receives $16M Financing

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