CBRE has arranged two loans for the refinancing of two fully leased warehouses in Georgia and Texas. The properties include Greenwood 75 II, a 1,001,700-sq.-ft. warehouse located in McDonough, Georgia, and Interchange 20/45 Building 2, an 800,737-sq.-ft. warehouse located in Hutchins, Texas.

Mike Ryan, Brian Linnihan and Taylor Crowder with CBRE Capital Markets’ Debt & Structured Finance in Atlanta represented the borrower, Affinius Capital, in both deals. The two loans were secured through Deka Bank. The total loan amount was not disclosed.   

“Despite the headwinds in the debt markets, the depth of interest was very strong, as over twenty-five lenders provided quotes due to the strong sponsorship, new construction, and excellent tenancy of both buildings,” said Mr. Linnihan, Vice Chairman with CBRE.

Located at 315 Greenwood Place in McDonough, a suburb of Atlanta, Greenwood 75 II was constructed in 2022 and is fully leased to a single tenant. Situated on approximately 57 acres, the warehouse includes 215 dock doors, four drive in doors, 40-foot clear heights, 300 auto parking spaces and 254 trailer spaces.

The second property, Interchange 20/45 Building 2, was completed in 2022 and is located at 1305 Cleveland Road in Hutchins, a suburb of Dallas. The warehouse is fully leased to a single tenant. Occupying approximately 46 acres, the property includes 162 dock doors, four drive in doors, 570-foot building depth, 40-foot clear heights, 421 auto parking spaces and 207 trailer spaces.