CBRE Facilitates $36 Million Loan for Refinancing of Canton Marketplace in Suburban Atlanta

CBRE has facilitated a $36 million loan for the refinancing of Canton Marketplace, a 335,445-sq.-ft. super regional shopping center in Canton, Georgia, located about 40 miles north of downtown Atlanta.

Mike Ryan, Brian Linnihan, Richard Henry and JP Cordeiro with CBRE Capital Markets’ Debt & Structured Finance in Atlanta represented the borrower, New York-based Acadia Realty Trust (NYSE: AKR), in the deal. The $36 million loan was secured through Voya Investment Management.

“Canton Marketplace is a best-in-class retail property with an outstanding owner in Acadia Realty Trust,” said Mr. Henry, Senior Vice President with CBRE. “Acadia has done a tremendous job with this asset since acquisition and our team is pleased to have connected them with a great lender in Voya to carry them through the next leg of their business plan.”

Located at 1810 Cumming Highway in Canton, Georgia, Canton Marketplace is a 335,445-sq.-ft. super regional power center that was acquired by Acadia Realty Trust in 2021. The center is approximately 95% leased to 40 tenants and is anchored by a Dick’s Sport Goods, Best Buy, T.J. Maxx and pOpshelf. It is also shadow-anchored by a Super Target and Lowe’s.