Duluth, GA – July 13, 2022 – Neal Colligan, Principal at Largo Capital, secured a $40.12MM first mortgage for the acquisition and repositioning of a 9-building, single-story office/flex portfolio located in Duluth, GA. The collective rentable area of the nine properties totals 388,213 SF. The portfolio is ideally located in the heart of the affluent Atlanta suburb of Duluth. It is serviced by major surface roads from all directions, and boasts attractive demographic fundamentals. Lastly, the popular nearby amenities and a booming suburban-office market add to the appeal of the subject.
The Largo Group of Companies is a commercial real estate firm which structures, closes and services commercial properties for acquisitions, refinance and development projects. With headquarters in Getzville, NY, Largo has been providing innovative debt and equity financing structures for over 30 years throughout the United States and Canada.
Largo has 26 correspondent relationships and offers additional lending sources, providing property owners and developers the full array of financing options.