TA Realty paid a record price for a Whole Foods-anchored shopping center in an affluent, rapidly growing area of Atlanta.
Harrison Street Asset Management sold the Peachtree Station center in Chamblee, Georgia, for $70.5 million, or nearly $632 per square foot, according to deeds filed with the DeKalb County Superior Court. The deal included multiple buildings occupied by a variety of restaurants and other tenants.
The $632 per-square-foot price is the highest in the Atlanta market over the past 12 months for a retail property of at least 50,000 square feet, according to CoStar data.
The shopping center is 100% leased, according to a statement from JLL, which represented the seller in the deal. It is almost entirely occupied, although some spaces have been vacant for years. Mod Pizza moved out of a corner space in March 2024, and it’s been unoccupied ever since.
Other tenants in the 106,388-square-foot Peachtree Station include Starbucks, Chipotle, Cava, Delta Community Credit Union, Verizon Wireless and First Watch, according to JLL and CoStar data. Amazon’s Whole Foods is the largest tenant, at 45,136 square feet, and the location ranks as the fourth-most visited Whole Foods store in Georgia, JLL said.
Chamblee, about 13 miles northeast of downtown Atlanta, has emerged as a popular spot for millennials and young families because of its proximity to the popular Buckhead district. The average household income exceeds $170,000 within a five-mile radius of Peachtree Station, JLL said.
The population of Chamblee grew 7.2% to 32,334 residents from April 2020 to July 2025, according to U.S. Census Bureau data. Apartment rents in Chamblee average $1,654 per month, about 1% higher than the national average, according to CoStar data.
Peachtree Station comprises seven buildings, some attached and others freestanding. TA Realty acquired the properties through its TA Realty Core Property Fund.
While Harrison Street was the seller of Peachtree Station, the Chicago-based private equity firm recently acquired another property in the Atlanta area. The company, which manages about $108 billion in assets, partnered with Stonemont Financial Group to buy a medical office building in Marietta, Georgia, for an undisclosed price.
For the record
Jim Hamilton, Brad Buchanan, Andrew Kahn, Andrew Michols, Charlie Merrigan, Anton Serafini and John Perry Hilton at JLL Capital Markets represented Harrison Street. Ballard Spahr, Nutter McClennen & Fish and Seyfarth Shaw were legal counsel on the transaction.