CBRE Secures $26.35 Million in Acquisition Financing for Lavista Business Park

CBRE has arranged a $26.35 million loan for the acquisition of Lavista Business Park (the Park), a 217,496-sq.-ft. industrial property in Tucker, Georgia. A California-based investment company, CIP Real Estate, purchased the property for $37 million from ATCAP Partners.

Mike Ryan, Brian Linnihan, Richard Henry and Taylor Crowder with CBRE Capital Markets’ Debt & Structured Finance team in Atlanta secured the five-year floating-rate, maximum interest-only loan from LoanCore Capital on behalf of the sponsor and buyer.

Built in 1972, the Park sits on 11.76 acres at 2000-2068 Weems Road. The property consists of four single-story, shallow-bay industrial buildings averaging 54,000 sq. ft. Features include new roofing, 16’ to 20’ clear heights, 55 dock-high doors, one drive-in door, and 209 parking spaces. At the time of sale, the property was 92% leased to 15 tenants.

“This is a highly sought-after industrial asset in one of Atlanta’s most supply-constrained submarkets,” said Brian Linnihan, a Vice Chairman at CBRE. “Its infill location, strong tenant roster, and proximity to major transportation arteries made this an attractive financing opportunity. We’re pleased to have secured competitive loan terms for the new owners as they expand their industrial portfolio in the Southeast.”

Situated inside Atlanta’s I-285 perimeter, Lavista Business Park offers quick access to the region’s trade areas and transportation arteries, including Interstates 285, 85, 20 and 75, as well as Georgia State Route 400. It’s within the Stone Mountain industrial submarket, which recorded one of the lowest vacancy rates in Atlanta at 4.1% in the fourth quarter of 2024, according to CBRE research. With limited developable land remaining, the submarket has no properties currently under construction.