ATLANTA—715 Peachtree, a 10-story, 318,450-square-foot class A office building in the heart of Midtown Atlanta, has secured $61.9 million in financing. CBRE Group's Debt & Structured Finance team arranged the loan for Carter and PCCP.

Jonathan Rice and Jeff Ackemann of CBRE's Atlanta office led the capital markets efforts for the three-year bridge loan provided by KKR & Co. The loan will enable Carter to pay an existing loan used for renovations and refurbishment to the property, and provides for tenant improvements and leasing capital.

“We are seeing competition among the lending community for stand-out assets such as 715 Peachtree,” Ackemann, executive vice president of CBRE, tells GlobeSt.com. “This building brings a desirable block of creative office space and exclusive retail to a submarket rich with talented professionals. It's attracting big-name tenants and thus attracting investors and partners such as KKR, a recent entrant to the Atlanta market.”