CenterSquare Acquires Atlanta-Based Service Property – Peachtree Corners Town Center

June 2023

We are pleased to announce our acquisition of Peachtree Corners Town Center, a 57,045 square foot Essential Service Retail Property in Peachtree Corners, GA. The Property is strategically located in close proximity to I-285 and near multiple demand drivers such as 70 Lennar townhomes, Sprouts grocer, CineBistro and a Town Center Park which consists of a 2-acre town green owned by the City of Peachtree Corners. In addition, the Property features Tesla superchargers and a pedestrian crosswalk bridge across Peachtree Parkway (which sees over 57k vehicles per day). Peachtree Corners Town Center is CenterSquare’s 33rd Service Property acquisition nationally and 12th in the Southeast.

The Property is high quality construction, built in 2019 with 73% national, multi-unit tenants. Tenants include Firebirds, First Watch, Hollywood Feed, Marlow’s Tavern, Playa Bowls and My Salon Suite. This investment aligns with our strategy of targeting unanchored, high quality Essential Service Retail centers in strong demographic submarkets. A recent video of the Property can be found here.