Ventures Development Group and Batson-Cook Development Company, with the assistance of its capital advisor Patterson Real Estate Advisory Group, closed construction financing for Southbank Urban Residences, a 185-unit waterfront multifamily development located along the St. John’s River in the heart of the thriving San Marco neighborhood of Jacksonville, Florida. Patterson arranged the construction loan with Cadence Bank, in addition to the placement of a preferred equity investment provided by a Central Ohio-based Insurance Company.
Patterson assisted Albany Road Real Estate Partners with the closing of acquisition debt financing for Brookside Concourse, a project consisting of four single-story office buildings totaling 155,000 SF in the affluent Alpharetta, Georgia area. Financing was through Renasant Bank.
White Point Partners will construct a five-story office building and four-level parking deck in Charleston’s upper peninsula at Meeting Street and Algonquin Road. Patterson coordinated construction financing for the project.
Fuqua Development acquired a 67.5 acre site in the heart of Gwinnett County for the development of Phase 1 of their mixed-use project, The Exchange at Gwinnett. The site sits at the intersection of I-85 and SR-20. Patterson arranged the financing with Trez Forman Capital.
Patterson announces the sale of the Brickworks Portfolio, a 194,000 SF retail and office property located at the intersection of Marietta St. and Howell Mill Rd. in the West Midtown neighborhood of Atlanta, Georgia. Patterson marketed the portfolio on behalf of the seller, Midtown West Associates. The portfolio was sold to Charlotte, NC based Asana Partners.
In late 2019, Holder Properties closed on construction financing for 320 West, a 719-bed purpose-built student housing and mixed-use project located in an opportunity zone, directly adjacent to the Auburn University campus. 320 West will sit on Magnolia Avenue, just across from Auburn’s business and engineering school and just steps from downtown Auburn. Patterson assisted in procuring a long-term capital solution to accommodate the Property’s opportunity zone advantages, including a construction-to-perm loan with Aegon.
Three P Partners recently closed equity and debt financing for the construction of the Bellyard Hotel. The Bellyard Hotel sits in the heart of West Midtown at the corner of Howell Mill Rd. and 14th Street, and is within the larger Interlock mixed-use development that will be home to office, retail, and residential uses. Patterson arranged financing with an institutional equity fund and a regional bank.
INTEGRITY + INGENUITY + INVESTMENT = SUCCESS
PATTERSON REAL ESTATE ADVISORY GROUP, LLC
309 East Paces Ferry Road | Suite 1100 | Atlanta, Georgia 30305
701 East Bay Street | Suite 412 | Charleston, South Carolina 29403
227 West Trade Street | Suite 1925 | Charlotte, North Carolina 28202
615 3rd Avenue S | Suite 606 | Nashville, Tennessee 37210