Atlanta — Carter Lindbergh Retail LLC received a $24.6 million loan to help provide funding for several pending leases.
Atlanta — Carter Lindbergh Retail LLC has received $24.6 million in bridge recapitalization financing for the retail portion of Lindbergh City Center in Atlanta. The property is a mixed-use development located at the intersection of Piedmont Road and Linbergh Drive. The center includes 187,751 square feet of office and retail space.
Carter was the master developer of the transit-oriented project, which was built in 2003. Lindbergh City Center is anchored by Anthem College. Carter says the loan will help provide funding for several pending leases that will help the retail portion of the property exceed a 90 percent occupancy rate. CBRE’s capital markets debt and structured finance team arranged the financing through Prime Finance of New York.