Sustainable Credit Partners, in partnership with Climate First Bank, announces the closing of a $17.4 million first-mortgage loan to refinance The Gwendolyn at Glen Lennox, a 108,676-square-foot, Class A, LEED-certified office building in Chapel Hill, North Carolina.

The property is a multi-tenant office asset whose tenant roster includes a diversified mix of professional office users and co-working facility and is complemented by a ground-floor restaurant tenant. The Gwendolyn offers a robust amenity package, including EV charging stations, indoor bike storage, fitness center, shared conference facilities, and covered parking.

Built in 2023 to LEED certification standards, the property incorporates numerous energy-efficiency design features to reduce operating costs and long-term risk, including high-efficiency HVAC systems, demand-control ventilation, enhanced building envelope insulation, and efficient lighting and controls.

The Gwendolyn is located within Glen Lennox, a historic master-planned community undergoing a multi-decade revitalization led by Grubb Properties in close coordination with the Town of Chapel Hill. Founded in 1963 and headquartered in Charlotte, North Carolina, Grubb Properties is a fully integrated real estate firm with expertise spanning capital formation, acquisitions, development, construction, and property management.

The Charlotte office of Avison Young arranged the financing on behalf of Grubb Properties.