2004 Transactions

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Tremont Structures $8,000,000 Equity For Atlanta Power Center

The Boston office of Tremont Realty Capital structured an equity investment for the recapitalization of Parkway Pointe, a 195,562 square foot power center, located in Atlanta, GA.

Dennis Walsh, a Senior Director with Tremont, arranged the $8,000,000 investment, which was funded by a national REIT. The investment reflected a preferred equity position in a stabilized power center with a strong mix of national tenants. The owner, a local developer, was able to attract a long-term investor, and create some immediate liquidity behind an existing senior loan. In addition, the seller was able to retain management and leasing of the center. According to Walsh, "our client was extremely pleased with the investment as it fit their core investment strategy in a strong market with long term leases and credit tenants."

For additional information on this transaction, please contact:

Dennis Walsh
Senior Director
Email: dwalsh@tremontcapital.com
Phone: 617.867.0700 x782