Holliday Fenoglio Fowler and Cushman & Wakefield have arranged $284 million in financing for the acquisition of Piedmont Center 14 and recapitalization of the borrower’s existing holdings within the Piedmont Center office park in Atlanta’s Buckhead submarket.
The HFF and Cushman & Wakefield teams worked on behalf of the borrower, The Ardent Cos., to secure the floating-rate loan through the lender, a Brookfield-sponsored real estate debt fund.
Upon the acquisition of Piedmont Center 14, The Ardent Companies’ ownership within Piedmont Center totals 10 buildings and nearly 1.7 million square feet on 32.8 acres. Buckhead has long been considered Atlanta’s preeminent office market due to its renowned neighborhoods and multitude of hotels, restaurants, nightlife and upscale retail offerings, and Piedmont Center offers a mix of mid- and high-rise offerings in a park-like setting just blocks from the heart of Buckhead and in close proximity to Georgia 400 and
