Atlantic (company)

Morning Calm Office Finance Originates $59 Million Loan to Refinance Class-A Office Building in Atlanta

Retrieved on: 
Tuesday, September 5, 2023
Professional Services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Atlantic (company), Workforce, University, Restaurant, Georgia Tech, I-85, Culture, Ford Motor Company, West Midtown

Today, Morning Calm Office Finance, a joint venture between Morning Calm Management and a leading global investment manager, announced that it provided The Atlantic Companies, a vertically-integrated commercial real estate owner and operator, with a $59 million loan to refinance the maturing construction loan on 8West, an innovative office project located at 889 Howell Mill Road in West Midtown Atlanta.

Key Points: 
  • Today, Morning Calm Office Finance, a joint venture between Morning Calm Management and a leading global investment manager, announced that it provided The Atlantic Companies, a vertically-integrated commercial real estate owner and operator, with a $59 million loan to refinance the maturing construction loan on 8West, an innovative office project located at 889 Howell Mill Road in West Midtown Atlanta.
  • “This loan directly aligns with our targeted investment strategy,” said Mukang Cho, Founder and CEO of Morning Calm Management.
  • “8West is a marquee office building in one of Atlanta’s most sought-after business corridors and is owned by a blue-chip sponsor in The Atlantic Companies.
  • As one of the submarket’s newest and most well-amenitized office buildings, 8West is positioned to attract other leading companies.

Atlanta Real Estate Veterans Launch The Atlantic Companies

Retrieved on: 
Thursday, November 18, 2021
Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Atlantic (company), Industry, Tishman Speyer, Technology Square, Dry Creek, Housing, Acquisition, Income, Smith, Collection, Laurel, Opportunity zone, Cushman & Wakefield, Commercial property

Jim Meyer, Managing Partner of Atlantic Capital Properties, and Mack Reese, Managing Partner of Gateway Ventures Real Estate, today announced the formation of The Atlantic Companies.

Key Points: 
  • Jim Meyer, Managing Partner of Atlantic Capital Properties, and Mack Reese, Managing Partner of Gateway Ventures Real Estate, today announced the formation of The Atlantic Companies.
  • The new venture, headquartered in Atlanta and operating across the Southeast, offers a wide range of in-house real estate services.
  • The Atlantic Companies (Atlantic) provides full-service development, acquisition, leasing and property management services to income producing assets owned by Atlantics principals and their investment partners.
  • Atlantic is privately held and was created in 2021 to serve as an umbrella platform for Atlantic Capital Properties , Gateway Ventures , and the newly formed Atlantic Companies Acquisitions .

Rubenstein Mortgage Capital Increases Loan for 8West Project in Atlanta to New $70.5 Million Commitment

Retrieved on: 
Tuesday, August 24, 2021
Parikh, Atlantic (company), RMC, Program, Growth, Ownership, Acquisition, Microsoft, Atlanta, LP, Investment, Rubenstein, Solution, Georgia Tech, Partner (business rank), Financial services

In 2019, RMC provided a $48.7 million senior construction loan commitment to the sponsor and 8West property owner, a joint venture between local developer The Atlantic Companies and investor Harvest Capital Group.

Key Points: 
  • In 2019, RMC provided a $48.7 million senior construction loan commitment to the sponsor and 8West property owner, a joint venture between local developer The Atlantic Companies and investor Harvest Capital Group.
  • The increased commitment allows the sponsor to extinguish the existing mezzanine loan, add amenity spaces at the property and complete the leasing program at 8West.
  • "The additional commitment by RMC simplifies our capital stack and allows us to accelerate our aggressive leasing program in the vibrant West Midtown Atlanta submarket."
  • RMC is the investment platform of Rubenstein Partners focused on mortgage lending, debt investments, and capital markets activity.