Dealmaker: HFF, Cushman & Wakefield Secure $284M for Atlanta Office Park

Holliday Fenoglio Fowler, Houston, and Cushman & Wakefield, New York, arranged $284 million in financing for Piedmont Center 14 in Atlanta’s Buckhead submarket.

The financing from a Brookfield-sponsored real estate debt fund also recapitalized the borrower’s existing holdings within the Piedmont Center office park.

The HFF and Cushman & Wakefield teams secured a floating-rate loan for borrower The Ardent Cos., Atlanta. HFF Senior Managing Director Ed Coco, Director Matt Casey, Executive Managing Director Michael Ryan and Executive Director Brian Linnihan worked with Cushman & Wakefield Senior Director Richard Henry to secure the financing.

Upon acquiring Piedmont Center 14, The Ardent Cos. now owns 10 buildings and nearly 1.7 million square feet within Piedmont Center, which has a mix of mid- and high-rise buildings near Georgia State Route 400 and a MARTA light rail station. Kaiser Foundation Health, N3 LLC and Aldridge Pite anchor the office park, which hosts more than 160 tenants.

“With the acquisition of Piedmont 14, The Ardent Cos. has expanded their holdings within Piedmont Center to complement and enhance their previous acquisitions in 2016 and 2017,” Coco said. He noted Kaiser Foundation Health recently renewed its lease in the office park.