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Atlanta & Southeast  + Atlanta Metro  + Retail  |  February 17, 2023
Marcus & Millichap Capital Corporation has arranged a $10.8-million acquisition loan for the purchase of Peachtree Parkway Shopping Plaza in Norcross, GA.
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By: Lisa McDuffie

Marcus & Millichap Capital Corporation Arranges $11M Buy Loan for Norcross Retail Center

Marcus & Millichap Capital Corporation has arranged a $10.8-million acquisition loan for Peachtree Parkway Shopping Plaza, located at 5450 Peachtree Parkway in Norcross, GA.

The loan was secured by Garrett Fierstein with Marcus & Millichap Capital Corporation, a provider of commercial real estate capital markets financing solutions.

“The shopping center’s ideal location off Peachtree Parkway Corner, along with its diverse retail offerings, made this property a highly desirable asset for both lender and buyer,” said Fierstein. “We were able to secure very favorable financing terms including a 10-year fixed rate with a 25-year amortization and no prepayment penalty.”

The 94,174-square-foot retail shopping center sits on 8.88 acres proximate to Peachtree Parkway for access to the greater Atlanta region.

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Marcus & Millichap Capital Corporation's Fierstein

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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