{"id":1004102167,"date":"2014-08-12T08:01:41","date_gmt":"2014-08-12T16:01:41","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=282758"},"modified":"2022-12-06T01:32:20","modified_gmt":"2022-12-06T09:32:20","slug":"acp-picks-up-townpark-ravine-office-park-with-41-1m-loan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/acp-picks-up-townpark-ravine-office-park-with-41-1m-loan\/","title":{"rendered":"ACP Picks Up TownPark Ravine Office Park with $41.1M Loan"},"content":{"rendered":"<p><em>By Balazs Szekely, Associate Editor<\/em><\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/08\/2014-08-06-ACP-Picks-Up-TownPark-Ravine-Office-Park-with-411M-Loan.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-282759\" title=\"TownPark Ravine\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/08\/2014-08-06-ACP-Picks-Up-TownPark-Ravine-Office-Park-with-411M-Loan.jpg\" alt=\"\" width=\"300\" height=\"202\" \/><\/a>America\u2019s Capital Partners has purchased<strong> <\/strong>TownPark Ravine, a three-building, 367,090-square-foot office park near Kennesaw.<\/p>\n<p>America&#8217;s Capital Partners is a fully integrated, private commercial real estate investment company based in Coral Gables, Florida, involved in the development of several Florida projects including high-rise residential, retail, industrial and self-storage facilities. Additionally, the firm has managed and leased over 20 million square feet of office space along the east coast with an aggregate asset value of over $5 billion.<\/p>\n<p>Cushman &amp; Wakefield\u2019s Capital Markets Group represented the seller, Taylor &amp; Mathis Inc. Executive Directors David Meline and Stewart Calhoun, Director Samir Idris and Brokerage Services Director Casey Masters spoke for the real estate company in the transaction. Cushman &amp; Wakefield also arranged acquisition financing for the purchaser through its Equity, Debt and Structured Finance team. Mike Ryan, Brian Linnihan, Jeff Walker and Larry Johnson arranged the $41,137,500 the long-term, fixed-rate loan that is being provided by GE Capital Corp.<\/p>\n<p>The purchase price was not disclosed. TownPark Ravine is part of a 243-acre master-planned development northeast of Marietta, between Interstate75 and Interstate 575. The office park is adjacent to The Village at TownPark and located one mile north of Town Center at Cobb.<\/p>\n<p>Built in three phases from 1999 to 20006, the acquired assets include two 6-story buildings of over 133,000 square feet and a 4-story building with 100,770 square feet of space. Mike Ryan considers the property a profitable office complex due to its location, the \u201cstable and diverse tenant mix\u201d and its stable cash flow.<\/p>\n<p>\u201cThe stable rent roll and strong occupancy allowed the buyer to maximize proceeds and the interest-only period,\u201d he adds, according to a recent written announcement released by Cushman &amp; Wakefield.<\/p>\n<p><em>Photo credits:<\/em> <em>Taylor &amp; Mathis Inc.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>America&rsquo;s Capital Partners has purchased TownPark Ravine, a three-building, 367,090-square-foot office park near Kennesaw.<\/p>\n","protected":false},"author":755,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21742],"tags":[39387,1815],"class_list":["post-1004102167","post","type-post","status-publish","format-standard","hentry","category-atlanta","category-latest","tag-atlanta","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ACP Picks Up TownPark Ravine Office Park with $41.1M Loan - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/acp-picks-up-townpark-ravine-office-park-with-41-1m-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ACP Picks Up TownPark Ravine Office Park with $41.1M Loan\" \/>\n<meta property=\"og:description\" content=\"America&rsquo;s Capital Partners has purchased TownPark Ravine, a three-building, 367,090-square-foot office park near Kennesaw.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/acp-picks-up-townpark-ravine-office-park-with-41-1m-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-08-12T16:01:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T09:32:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/08\/2014-08-06-ACP-Picks-Up-TownPark-Ravine-Office-Park-with-411M-Loan.jpg\" \/>\n<meta name=\"author\" content=\"Suzann D. 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