CBRE Arranges Acquisition Financing for 153,486 SF Noonday Creek Crossing in Kennesaw, Georgia
The shopping center is 100% leased
November 8, 2023
CBRE has arranged $8.6 million of acquisition financing for the purchase of Noonday Creek Crossing, a 153,486-square-foot shopping center in Kennesaw, Georgia, a northern suburb of Atlanta. Coro Realty acquired the property from an affiliate of Fletcher Bright Company.
Richard Henry, Mike Ryan, Brian Linnihan, and JP Cordeiro with CBRE Capital Markets’ Debt & Structured Finance in Atlanta represented the borrower, Atlanta-based Coro Realty, in its purchase. The loan was provided by Affinity Bank.
“Coro is a best-in-class sponsor, and we are proud to have represented them on this transaction,” said Mr. Henry, Senior Vice President with CBRE. “With affluent demographics, great access and continued growth fueled by KSU, Noonday will no doubt be a great success.”
Located at 2911 George Busbee Parkway in Kennesaw, less than a mile from the main campus of Kennesaw State University, Noonday Creek Crossing is 100% leased to three tenants including Burlington, PGA Tour Superstore and Medici Medical Arts Center. In addition to its proximity to Kennesaw State, the shopping center is also conveniently located near Interstate 75 and the Town Center at Cobb, a 1.3 million-square-foot super‐regional mall and Georgia’s second most visited retail center.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2022 revenue). The company has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.