Albany Road Real Estate Partners, with the assistance of its capital advisor, Patterson Real Estate Advisory Group, closed on two separate office assets in the Southeast this summer. Discovery Center, a two-building, 166,000 SF suburban office portfolio, is located in the high growth market of Huntsville, Alabama. Commerce Center is a 99% leased, 239,000 SF office property in Nashville’s Airport North submarket. Patterson arranged debt financing with First Horizon for the acquisition of Discovery Center in Huntsville, and bridge financing with MetLife for the refinancing of Commerce Center.
Vintage South and Shelton McNally closed construction financing for Laurel & Pine, a mixed-use development in East Nashville that will include 166 apartment units (the Flats at Laurel & Pine) and approximately 25,000 SF of adaptive re-use commercial space. Patterson arranged construction financing with Carlyle and Texas Capital Bank for the apartment development and Wilson Bank & Trust for the commercial component.
The University Financing Foundation, Inc (TUFF) and Collaborative Real Estate closed on the acquisition of 250 East Ponce, a 145,000 SF office building anchored by Emory’s School of Nursing located in Decatur, GA. Patterson arranged the acquisition loan with Delta Community Credit Union.
Madison Capital Group Holdings, LLC closed on the financing for The Porter, a 118-unit, mid-rise multifamily Property situated along Meeting St. in Charleston, SC. Patterson arranged the senior bridge loan with CrossHarbor Capital Partners Senior Debt Income Fund.
Vintage South closed on the construction financing of Breeze Block, a new development of 24 for sale townhomes and 38,000 sf of adaptive re-use commercial space in the Charlotte Park neighborhood of Nashville, TN. Patterson arranged construction financing with First Farmers and Servis First.
Patterson Real Estate Advisory Group is pleased to welcome Bert Mathews, President of Nashville-based The Mathews Company, as the newest member of its Board of Advisors.
Gateway Ventures Real Estate and ELV Associates, Inc. with the assistance of capital advisor Patterson Real Estate Advisory Group, closed on the refinancing of 22 WestEdge, a 155,000 SF Class AAA office and life sciences building located in Charleston, South Carolina. 22 WestEdge’s ±155,000 SF of space is split across eight floors, with the first floor comprising ±15,800 SF of street-level retail space. Patterson arranged the loan with Georgia-based Ameris Bank.
Patterson is pleased to welcome Ben Graham who joins the Atlanta team as a new Analyst.
Brightman-Gil Real Estate Investment Management, with the assistance of Patterson, closed on the refinance of Great Oaks Center, a three-building, ±158,000 SF, single-story office portfolio in Alpharetta, GA. Patterson arranged bridge loan financing with First Carolina Bank.
Portman Residential closes financing on 1000 Spring Street, a high-rise apartment tower in Midtown Atlanta. Patterson Real Estate Advisory Group helped with the construction financing effort with Bank OZK and National Real Estate Advisors, LLC.
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PATTERSON REAL ESTATE ADVISORY GROUP, LLC
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