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SunTrust Loans Hefty Mortgage For Colony Square Buy

SunTrust Loans Hefty Mortgage For Colony Square Buy

North American Properties has SunTrust Bank to thank for helping it get back into the Midtown real estate game.

SunTrust provided a five-year, $115M mortgage for NAP's $166M purchase of Colony Square this month from Tishman Speyer and Rialto Capital Management, according to Commercial Real Estate Direct.

NAP purchased the 955k mixed-use tower at the corner of 14th and Peachtree streets (Main and Main in Midtown) in a JV with Lionstone Investments. [CRED]