Investor Duo Inks $171.4M Refi on SE Retail Portfolio

CBRE arranged a $171.4 million loan to refinance the “Southeast Grocery-Anchored Portfolio” (Portfolio), which includes eight properties located throughout Tennessee, Kentucky, Georgia and Florida. The portfolio totals nearly 1.2 million square feet of retail space and was 96.6% leased at the time of the transaction.

The CBRE team, consisting of Richard Henry, Mike Ryan, Brian Linnihan, and Taylor Crowder, represented Branch Properties and Corebridge Real Estate Investors, the owners of the Portfolio. PGIM provided the loan.

The Southeast Grocery-Anchored Portfolio is a highly diversified portfolio totaling eight properties and 194 tenants, with grocery anchors including Publix, Kroger and Whole Foods, across high-growth southeastern markets, including Bradenton, FL; Sarasota, FL; Melbourne, FL; Palm Coast, FL; Atlanta, GA; Gainesville, GA; Lexington, KY; Memphis, TN; and Knoxville, TN.