Grover Corlew secures $12 million refinancing from Wells Fargo for Alpharetta offices
WFC•Grover Corlew closed a five-year, $12 million refinancing with Wells Fargo for two Alpharetta office buildings. Occupancy rose to 92% from 46% at acquisition, and the loan returned all invested capital to investors while preserving ownership and cash flow.
1. Refinancing details
Grover Corlew closed a $12 million refinancing with Wells Fargo for Mansell 10 and Mansell 20 in Alpharetta, Georgia. The five-year commercial mortgage returned all invested capital to investors while preserving ownership and cash flow.
2. Occupancy and improvements
Occupancy at the retained buildings rose to 92% from 46% at acquisition. Neither building has scheduled lease expirations until August 2029. The refinancing follows approximately $6.3 million in capital improvements across Mansell Court.
