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CIM Group loans $72M for Cinelease studios expansion in Covington

admin by admin
December 6, 2021
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CIM Group loans $72M for Cinelease studios expansion in Covington

Located at 11642 Georgia Hwy. 142, Cinelease Studios Three Ring is a purpose-built media campus constructed for television, film, and custom content creation.

Phase I of the studio was built in 2017 and currently offers 110,000 square feet of sound stage space, 60,000 square feet of support space, 30,000 square feet of office, and 600 parking spaces on 50 acres.

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Los Angeles-based CIM Group is an active lender that through its CIM Real Estate Debt Solutions business has originated more than $2.25 billion of commercial real estate loans year-to-date in 2021.

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