June 27, 2023
By Angela Noote
CBRE has arranged the refinancing of Platinum Tower, a 312,591-square-foot Class A office tower in Atlanta’s Cumberland/Galleria submarket.
Brian Linnihan, Mike Ryan, and JP Cordeiro with CBRE Capital Markets’ Debt & Structured Finance in Atlanta represented the borrower, Accesso, in the deal. The five-year CMBS loan was provided by an American multinational financial services firm.
The 17-story office tower at 400 Interstate North Parkway is near the intersection of I-75 and I-285. It’s within walking distance of the Battery, the 2.3 million sq. ft. mixed-use development anchored by the Atlanta Braves’ Truist Park.
“The Cumberland/Galleria submarket has been a magnet for growth over the last decade, with over 3,500 new business and 70,000 jobs added since 2010,” said CBRE Vice Chairman Linnihan. “Platinum Tower’s top-tier amenities and strong tenant base coupled with the market’s continued growth potential made this an exciting project to work on.”