CBRE Arranges $171 Million Loan to Refinance 8-Property Grocery-Anchored Portfolio in Southeast

CBRE has successfully arranged a $171.4 million loan to refinance the “Southeast Grocery-Anchored Portfolio” (Portfolio) including eight properties located throughout Tennessee, Kentucky, Georgia and Florida, totaling nearly 1.2-million-square-feet of retail space. The Portfolio was 96.6% leased at the time of the transaction.

The CBRE team, consisting of Richard Henry, Mike Ryan, Brian Linnihan, and Taylor Crowder, represented Branch Properties and Corebridge Real Estate Investors, the owner of the Portfolio. The loan was provided by PGIM.

“This is an exceptional portfolio with even better sponsorship,” said Richard Henry, senior vice president at CBRE. “We are extremely proud to have represented Branch Properties and Corebridge Real Estate Investors on this transaction, and thankful to PGIM for a great execution.”

The Southeast Grocery-Anchored Portfolio is a highly diversified portfolio totaling eight properties and 194 tenants, with grocery anchors including Publix, Kroger and Whole Foods, across high growth southeastern markets, including: Bradenton, FL; Sarasota, FL; Melbourne, FL; Palm Coast, FL; Atlanta, GA; Gainesville, GA; Lexington, KY; Memphis, TN; Knoxville, TN.