{"id":1004476936,"date":"2020-09-10T05:27:18","date_gmt":"2020-09-10T13:27:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004476936"},"modified":"2025-02-26T03:08:09","modified_gmt":"2025-02-26T11:08:09","slug":"talonvest-secures-refi-for-atlanta-industrial-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/talonvest-secures-refi-for-atlanta-industrial-park\/","title":{"rendered":"Talonvest Secures Refi for Atlanta Industrial Park"},"content":{"rendered":"<div id=\"attachment_1004476939\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Pleasantdale-Industrial-Park.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004476939\" data-attachment-id=\"1004476939\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/talonvest-secures-refi-for-atlanta-industrial-park\/pleasantdale-industrial-park\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Pleasantdale-Industrial-Park.jpg\" data-orig-size=\"1000,800\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Pleasantdale Industrial Park\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Pleasantdale Industrial Park&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Pleasantdale-Industrial-Park.jpg?w=1000\" class=\"wp-image-1004476939 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Pleasantdale-Industrial-Park.jpg\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Pleasantdale-Industrial-Park.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Pleasantdale-Industrial-Park.jpg?resize=300,240 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Pleasantdale-Industrial-Park.jpg?resize=768,614 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004476939\" class=\"wp-caption-text\">Pleasantdale Industrial Park<\/p><\/div>\n<p>Talonvest Capital has arranged a $6.8 million refinancing package for Pleasantdale Industrial Park, a fully occupied, 127,391-square-foot industrial property in Doraville, Ga. The company\u2019s Erich Pryor, David DiRienzo, Tom Sherlock and Lauren Maehler secured the loan on behalf of the borrower, CIP Real Estate.<\/p>\n<p>Renasant Bank originated the five-year mortgage, according to Yardi Matrix. Loan terms include two years of interest-only payments, a two-year extension option, limited recourse and no prepayment penalties. The note also features future advances for the owner\u2019s capital improvement plan, which involves landscaping, signage and interior upgrades.<\/p>\n<p>Located on 9 acres at 4000 and 4030 Pleasantdale Road, the industrial park encompasses two single-story buildings completed in 1978. The tenant mix includes Leon International Foods, Global Food Distribution and The Flooring Outlet, among others. The property is a short distance from Interstate 85 and 16 miles northeast of downtown Atlanta.<\/p>\n<p>CIP Real Estate acquired the asset for $9.3 million from Hailey Realty, Yardi Matrix shows. The purchase was part of a $239.4 million industrial acquisition the buyer closed in June. In the wider deal, the company <a href=\"https:\/\/www.commercialsearch.com\/news\/westmount-jv-sells-1-2-msf-atlanta-business-park\/\">paid $126.6 million<\/a>&nbsp;for Gwinnet Commons, a 1.2 million-square-foot business park in Norcross, Ga., $75.5 million&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/charlotte-area-industrial-portfolio-trades-for-76m\/\">for a 13-property North Carolina portfolio<\/a> and $28 million for&nbsp;Whitehall Tech Center, a&nbsp;205,000-square-foot industrial project in Charlotte, N.C.<\/p>\n<div><em>If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in <\/em><a href=\"https:\/\/www.surveymonkey.com\/r\/BrokersCorner\" target=\"_blank\" rel=\"noopener\"><strong><em>our short form<\/em><\/strong><\/a><em> or send your deal to <\/em><a href=\"mailto:deals@cpe-mhn.com\" target=\"_blank\" rel=\"noopener\"><strong><em>deals@cpe-mhn.com<\/em><\/strong><\/a><em>.<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Erich Pryor, David DiRienzo, Tom Sherlock and Lauren Maehler assisted the borrower, CIP Real Estate.<\/p>\n","protected":false},"author":867,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21825,21748,21742],"tags":[33730,50179,33581],"class_list":["post-1004476936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-finance","category-industrial","category-latest","tag-cip-real-estate","tag-renasant-bank","tag-talonvest-capital-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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