Gantry has arranged acquisition financing in the amount of $25,000,000 for a newly constructed 235,000 square foot office building that is 100% occupied by Blue Cross & Blue Shield of Georgia as a call center.  The property is located in Columbus, GA.  The maturity of the loan term is co-terminus with Blue Cross’s lease maturity in September 2025 with a nominal balloon payment at maturity.

Working on an exclusive basis, George Mitsanas, Principal, Peter Hillakas, Vice President and Doug Tisdale, Associate, in Gantry’s Los Angeles office, arranged the fixed-rate, non-recourse financing for the borrower.  The loan was placed with the Credit Tenant Lease (CTL) group of one of Gantry’s correspondent life insurance companies.  Gantry will also service the loan.