Perennial Properties Comes Back with $90M Refi for Atlanta Multifamily
Cushman & Wakefield has arranged $90 million in refinancing on behalf of Perennial Properties, Inc., for Arya Peachtree, a 282-unit multifamily property in Atlanta.
Mike Ryan, Brian Linnihan, Blake Cohen, Richard Henry and Taylor Crowder of Cushman & Wakefield secured the refinancing loan.
“Peachtree Street has seen tremendous demand over the past several years, sparked by the expansion and development happening in the area, including the recent multi-million-dollar renovation/expansion of Piedmont Hospital in the property’s immediate neighborhood,” said Ryan. “Arya Peachtree as a result is very well positioned to capture increased leasing demand as Atlanta gradually continues its post-pandemic reopening.”
Arya Peachtree is a newly constructed, 12-story Class A space with 16,346 square feet of office and retail on the first two floors and access to two of Atlanta’s largest commercial and employment hubs, Buckhead and Midtown.
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.