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

Tenants of Kennesaw Marketplace will include Whole Foods and Academy Sports. Tenants of Kennesaw Marketplace will include Whole Foods and Academy Sports.

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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