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CBRE facilitated a $171.4 million loan to refinance the “Southeast Grocery-Anchored Portfolio,” which encompasses eight properties spread throughout Tennessee, Kentucky, Georgia, and Florida. The portfolio boasts nearly 1.2 million square feet of retail space and was operating at 96.6% capacity during the transaction.
The team from CBRE responsible for this deal included Richard Henry, Mike Ryan, Brian Linnihan, and Taylor Crowder who represented Branch Properties and Corebridge Real Estate Investors – the current owners of the Southeast Grocery-Anchored Portfolio. The loan was provided by PGIM.
This diverse portfolio consists of eight properties with a total of 194 tenants anchored by popular grocery stores such as Publix, Kroger,and Whole Foods in rapidly growing markets across the southeastern region including Bradenton FL; Sarasota FL; Melbourne FL; Palm Coast FL; Atlanta GA; Gainesville GA: Lexington KY: Memphis TN:and Knoxville TN.
In recent news,the investor duo has acquired this highly sought-after retail portfolio for an impressive sumof $171.4M according to Connect CRE.
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