At a glance
- The financing retires existing debt on the 153,585-square-foot grocery-anchored center at 2333-2365 Peachtree Road NE.
- CBRE's Debt & Structured Finance team placed the loan.
- The center is 95.9% leased and Publix has held the anchor box since 1988.
Branch Properties refinanced the Peachtree Battle Shopping Center in Atlanta's Buckhead neighborhood with a $56 million loan from Delta Community Credit Union, according to Connect CRE.
The financing retires existing debt on the 153,585-square-foot grocery-anchored center at 2333-2365 Peachtree Road NE. CBRE's Debt & Structured Finance team placed the loan. Rate, loan-to-value and maturity were not disclosed. CBRE also brokered a $68.5 million Charlotte apartment bridge earlier this month, as Private Wealth Daily previously reported.
The center is 95.9% leased and Publix has held the anchor box since 1988. Branch Properties, an Atlanta-based owner and operator of grocery-anchored centers across the Southeast, has held the property since 1982. With the existing debt retired, lease maturities become the next underwriting variable at the center.
Reported by the Real estate debt desk from Connect CRE. Published . Corrections