CBRE Secures $55 Million Loan for Refinancing of Peachtree Battle Shopping Center in Atlanta’s Buckhead Neighborhood
September 11, 2023
CBRE has secured a $55 million loan for the refinancing of Peachtree Battle Shopping Center in Buckhead, one of Atlanta’s most dense and affluent neighborhoods. The 152,951-sq.-ft. shopping center is fully leased and is anchored by a Publix Super Market.
Richard Henry, Mike Ryan, Brian Linnihan, and Taylor Crowder with CBRE Capital Markets’ Debt & Structured Finance in Atlanta represented the borrower, Branch Properties. The $55 million loan was secured through Thrivent Financial.
“We are extremely proud to have represented Branch on such a phenomenal asset. Best-in-class sponsorship combined with an unparalleled grocery-anchored shopping center resulted in a very competitive bidding process for our client,” said Mr. Henry, Senior Vice President with CBRE.
Located at 2333-2365 Peachtree Road NE, Peachtree Battle is situated on 12.6 acres and is comprised of three distinctive sections. The first is a 32,836-sq.-ft. free-standing grocery building, which has been leased to Publix since 1988. The second is a 76,122-sq.-ft. single-story retail building that is leased to several tenants, including Walgreens, Ace Hardware, CAVA, and Onward Reserve. The last section includes three multistory buildings and is called Peachtree Battle Promenade. Totaling 43,993 sq. ft., this section is home to 14 tenants.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2022 revenue). The company has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.