CBRE Arranges $56 Million Refinancing for Branch Properties' Peachtree Battle Shopping Center in Atlanta

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, the firm announced Nov. 12. Delta Community Credit Union provided the financing, which will refinance existing debt on the property.

Deal Details: Peachtree Battle Shopping Center Refinancing

The loan will refinance existing debt on the center and support its continued long-term positioning within one of Atlanta's established retail corridors. The $56 million loan equates to roughly $365 per square foot based on the property's size.

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

"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.

About the Buckhead Grocery-Anchored Retail Center

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

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

Atlanta Retail Market Conditions

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.

Demand from grocery, quick-service restaurant, restaurant, wellness and fitness tenants is concentrated in high-traffic submarkets where available space is near historic lows. Buckhead is among Atlanta's tightest retail locations, with vacancy near 1% and no meaningful new development expected through the end of 2026.

Atlanta's overall retail asking rents are forecast to rise 2.8% year over year in 2026, while grocery-anchored centers continue to post some of the market's lowest vacancy rates. Prime Buckhead rents rose 5.5% year over year, though rent growth in grocery-anchored centers is moderating after a period of stronger appreciation.

New construction rents of roughly $50 to $60 per square foot have raised sustainability concerns, and elevated tenant-improvement costs have contributed to early lease failures at some projects.

Outlook for Grocery-Anchored Retail Financing

The combination of constrained new supply, high replacement costs and demand for essential-service tenants is the backdrop for lender interest in established, highly occupied centers such as Peachtree Battle. The center's 95.9% occupancy and Publix's tenancy since 1988 form the income profile behind the Delta Community Credit Union loan.

CBRE Group, Inc. (NYSE: CBRE), headquartered in Dallas, serves clients through its Advisory, Building Operations & Experience, Project Management and Real Estate Investments segments.

Sources

CBRE press release, "CBRE arranges $56 million refinancing for Peachtree Battle Shopping Center in Atlanta": https://www.cbre.com/press-releases/cbre-arranges-56-million-refinancing-peachtree-battle-shopping-center-atlanta