Cushman & Wakefield Arranges Refinancing for 509,792-SF Crown Pointe Office Campus
Friday, April 8th, 2022
Cushman & Wakefield announced today that the commercial real estate services firm has arranged a refinancing loan on behalf of Pacific Oak Capital Advisors for Crown Pointe, a two-building office campus in Atlanta’s Central Perimeter submarket.
Brian Linnihan, Mike Ryan, JP Cordeiro and Taylor Mathis of Cushman & Wakefield’s Equity, Debt & Structured Finance team secured the refinancing through Wells Fargo.
“Current ownership has invested millions of dollars of capital in Crown Pointe since they acquired it to enhance the tenant experience,” said Linnihan, Executive Managing Director at Cushman & Wakefield. “The refinancing will allow the owners to continue to have capital for future leasing activity and planned capital expenditures.”
Crown Pointe totals 509,792 square feet (sf) and includes two office towers at 1040 and 1050 Crown Pointe Pkwy. The Class A towers were each built in the 1980s and feature flexible floorplans, more than 1,500 parking space on-site, and direct access to the Sandy Spring MARTA station via a covered walkway.
Crown Pointe is also centrally located within the Central Perimeter, which is Atlanta’s largest office submarket and home to the highest concentration of Fortune 500 companies in the Southeast. As a result, the area is highly-amenitized and provides excellent connectivity with over 6 msf of retail within walking distance and GA 400, Interstate 285, and four MARTA stations nearby.