ATLANTA COMMERCIAL PROPERTIES E-NEWSLETTER / WEEK 35
ATLANTA – Utilizing two loans totaling $50 million from its capital advisor Person Real Estate Advisory Group, Pope & Land Enterprises, Inc. has refinanced Cumberland Center I and Barrett Office Park in metro Atlanta.
Patterson arranged the financing through BBVA Compass for Cumberland Center I and BB&T for Barrett Office Park. Cumberland Center I is a seven-story office building totaling 188,697 square feet in Atlanta’ Cumberland/Galleria office submarket. Sprint Communications fully occupies the asset. Pope & Land developed Cumberland Center I in 1985.
Barrett Office Park consists of seven office buildings totaling 502,752 square feet that are more than 80 percent occupied on an aggregate basis. The office park is located off of Barrett Parkway between I-75 and Highway 41 in the Town Center submarket of Kennesaw, a northern suburb of Atlanta.