Banyan Street Capital Acquires Atlanta Financial Center With $42M Loan From Peachtree Group

The property involved in this transaction is an office asset located at 3353 Peachtree Road Northeast in Atlanta, GA, consisting of 914,774 square feet. The loan amount for this acquisition is $42,000,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $42,000,000
• Loan Type: Acquisition
• Lender: Peachtree Group
• Landlord: Banyan Street Capital

This transaction underscores Peachtree Group's role as the lender, providing a floating-rate first mortgage to Banyan Street Capital. The financing supports Banyan's efforts to lease up the North Tower, invest in tenant improvements, and explore redevelopment opportunities for the Atlanta Financial Center, especially considering the challenges posed by softening fundamentals since the property's acquisition in 2016.