CapRidge Partners Secures $52.6M Financing for 5 Office Properties in Texas & Georgia

HFF announces $52.6M in financing arranged on behalf of CapRidge Partners, LLC
CapRidge Atlanta

November 1, 2018 – HFF announces $52.6 million in financing in two separate transactions for five office properties in Texas and Georgia on behalf of CapRidge Partners, LLC.

The HFF team worked on behalf of the borrower, to secure both floating-rate loans through Prime Finance Partners.

Canyon at Wild Basin is a 75,000-square-foot office property located at 115 Wild Basin Road in southwest Austin. This location along Loop 360 near the intersection of Bee Cave Road is in the midst of Austin’s most desirable residential neighborhoods and affords the property easy access to downtown Austin and Barton Creek. The 63-percent-leased building was built in 1999 and is currently undergoing renovations.

The Atlanta portfolio comprises four Class B office buildings totaling 563,163 square feet in Atlanta and Macon, Georgia. The properties are 80 percent leased overall to tenants including Xerox and Ricoh.

The HFF debt placement team representing the borrower included senior managing director Andrew Scott and managing directors Jim Curtin and Gregg Shapiro.

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