CBRE Arranges $78 Million in Acquisition and Development Financing for Kennesaw Marketplace

by Katie Sloan

Kennesaw, Ga. — CBRE Capital Markets’ Debt and Structured Finance team has arranged $78 million in acquisition and construction financing for Kennesaw Marketplace, a 288,000-square-foot shopping center located in Kennesaw.

Jeffrey Ackemann, Jonathan Rice and Robert LaChapelle of CBRE arranged the financing on behalf of a joint venture between Fuqua Development and Batson-Cook Development. The three-year, non-recourse loan was provided by Heitman Real Estate. Tenants of Kennesaw Marketplace will include Whole Foods and Academy Sports, and the project will be completed by third quarter 2016. 

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