TA Realty Pays $55M for Atlanta Retail Asset
The property is one of the most-visited Whole Foods locations in Georgia.
TA Realty has purchased Peachtree Station, a 106,388-square-foot retail center in Atlanta. Harrison Street Asset Management sold the fully occupied asset in a deal brokered by JLL.
The company paid $55.4 million for the property, according to Bisnow. Peachtree Station is a grocery-anchored retail property within the Chamblee suburb, one of Atlanta’s primary northeastern commercial and retail submarkets.
Whole Foods Market anchors the building, occupying 45,136 square feet under a long-term lease remaining through 2037.
READ ALSO: Inside Atlanta’s South Downtown Comeback
The Whole Foods location ranks as the fourth most-visited store in the state while also being in the company’s top 40 percent locations in the U.S., based on foot traffic, according to JLL. Other tenants at Peachtree Station include Starbucks, Chipotle, Verizon Wireless, First Watch and Cava.
The retail center sits on 11 acres at 5001 Peachtree Industrial Blvd. The property is close to key neighborhoods in the city, including Brookhaven, Sandy Springs and Buckhead. Additionally, it is also close to interstate 285, 85 and 75.
JLL Capital Markets team led by Vice President Andrew Michols, Senior Managing Director Jim Hamilton, Managing Director Brad Buchanan, Director Andrew Kahn, together with Analysts Charlie Merrigan, Anton Serafini and John Perry Hilton represented the seller.
A revitalized Atlanta submarket
Chamblee, Ga., is undergoing major city-led redevelopments, as part of a broader, years-long initiative to transform its former industrial or underutilized sites into a walkable urban hub. Many major projects that reached completion were mostly planned with mixed-use design, meant to blend high-density residential space with retail, dining, office and public green spaces.
One of these efforts is the transformation of its historic downtown area, a multi-phase revitalization project. The centerpiece of this initiative is Chamblee City Hall, completed in 2022. During that same year, Trinity Development delivered Chamblee Plaza, a project that transformed a 1960-built shopping center into a modern retail hub, now anchored by Publix and TJ Maxx.
Retail investment concentrates in Northern Atlanta suburbs
Atlanta’s retail market fundamentals continue to show resilience amid changing consumer preferences and broader economic headwinds, according to a recent Colliers report. Average asking rents increased 1.9 percent year-over-year at the end of the first quarter of 2026, while the vacancy rate recorded a 30-basis-point jump from the previous quarter.
Investment activity slowed down during the same time frame. However, three of the largest retail sales closed in northeastern suburbs, reflecting continued investor appetite in the area. One of them is the $23.4 million deal involving River Exchange, a 263,651-square-foot property in Lawrenceville, Ga., according to Yardi Matrix information. Aggarwal Real Estate purchased the building from America’s Realty in March, with the support of a $15 million acquisition loan from SouthState Bank.
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