CBRE arranges $56 million refinancing for Peachtree Battle Shopping Center in Atlanta

CBRE arranged a $56 million refinancing for Branch Properties' Peachtree Battle Shopping Center, a 153,585-square-foot grocery-anchored retail center in Atlanta's Buckhead neighborhood. Delta Community Credit Union provided the financing, which will refinance existing debt on the property and support the center's continued long-term positioning within one of Atlanta's most established retail corridors.

The financing was secured by CBRE's Debt & Structured Finance team, including Richard Henry, Mike Ryan, Blake Cohen, JP Cordeiro and Taylor Mathis.

Located at 2333-2365 Peachtree Road NE, Peachtree Battle Shopping Center is 95.9% leased and anchored by Publix, which has operated at the property since 1988.

Atlanta's retail market continues to benefit from limited new supply and strong tenant demand in well-located infill locations. Within the Buckhead/Lenox retail submarket, vacancy remains below metro averages and asking rents have continued to grow, supporting lender interest in high-performing neighborhood retail assets anchored by essential-service tenants.

"This property is a trophy asset with a fortress location. What Branch has achieved curating tenancy and asset positioning in over 40 years of stewardship is incredibly impressive. The combination of incredible sponsorship and real estate made this an extremely competitive process and we thank Pete Mitchell and the DCCU team for a great execution," said Henry.

Branch Properties, an Atlanta-based owner and operator of grocery-anchored shopping centers throughout the Southeast, has owned Peachtree Battle Shopping Center since 1982.