COFE Properties Refis Atlanta Industrial Portfolio
Synovus provided the loan.
Image courtesy of JLL Capital Markets
COFE Properties has secured a $35.7 million refinancing loan for a seven-building, 397,959-square-foot shallow-bay industrial portfolio in Atlanta. Synovus provided the note in a transaction arranged by JLL Capital Markets.
Loan proceeds will be used to implement capital improvements meant to reposition the properties, such as building enhancements, site work and tenant space upgrades. The portfolio was 83.6 percent leased at the time of the deal to a roster of 35 tenants working in distribution, logistics, construction and home improvement industries.
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The buildings range from 45,000 to 77,000 square feet, featuring clear heights between 18 and 22 feet, tenant suites averaging 8,650 square feet, as well as flexible rear configurations with dock-high and drive-in capabilities.
JLL Capital Markets Senior Managing Director Melissa Rose, Managing Director Bobby Norwood, Associate Nicole Diaz and Analyst Preston Bacon led the debt advisory team that arranged the refinancing deal on behalf of the ownership.
Industrial financing activity picks up
Industrial loan originations increased 23 percent in dollar volume in the fourth quarter of 2025 compared to a year before, according to a Mortgage Bankers Associations report. Quarter-over-quarter, this figure rose 20 percent.
The increase points to a firmer lending backdrop for industrial assets, even as underwriting remains disciplined. Lenders continue to favor transactions supported by strong tenant demand and resilient fundamentals, with infrastructure and power availability playing a growing role in credit decisions.
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