Spanx Brings in the Money
OM no longer only stands for OliverMcMillan, but Outstanding Momentum. The developer secured $167M in a syndicated construction loan from PNC Capital Markets to begin work on Buckhead Atlanta. This news comes just days after we broke the story about Spanx moving its HQ to the once-troubled mixed-use project's office portion with a more than 100k SF lease. Company officials say five lenders were involved in the financing: PNC Bank, CIT Finance, Compass Bank, Regions Bank, and SunTrust Banks. HFF's Trey Morsbach and Mark Sixour brokered the deal.