Investment related to medical uses on Atlanta’s marquee street is set to continue. 

Atlanta-based commercial real estate firm Holder Properties has closed on bridge financing to continue the conversion from standard offices to medical office uses at 1819 Peachtree, a seven-story, midcentury building the company owns just north of Midtown’s juncture with Buckhead. 

Totaling 133,000 square feet, the boutique 1819 Peachtree structure was built in 1968 at the intersection of Palisades Road and fully renovated in 2019. It’s positioned less than a mile from Piedmont Atlanta Hospital and The Shepherd Center—two institutions that have erected new buildings along Peachtree in recent years as part of expansion efforts. 

Holder Properties bought the 1819 Peachtree property six years ago and has since worked to convert it to medical offices. 

1819 Peachtree's revised 1960s facade near the intersection of Palisades Road today. Holder Properties/CBRE

Holder Properties/CBRE

The bridge loan, as provided by First Carolina Bank, will fund improvements that include an upgraded parking garage and plumbing infrastructure designed to suit medical tenants. Previous upgrades saw the addition of a grab-and-go market, a refreshed lobby, outdoor gathering space, and modernized elevators, corridors, and restrooms.

The loan was closed with assistance from Holder’s capital advisor, Patterson Real Estate Advisory Group. 

Representatives for Holder and Patterson declined to specify how much bridge financing was recently obtained. 

According to marketing materials, the top two full floors of the building (roughly 20,000 square feet each) are not leased today, along with other spaces dotted throughout the structure. 

Updated interiors at the Peachtree Road building from 1968 today. Holder Properties/CBRE

Full-floor and signage availability outlined in marketing materials. Holder Properties/CBRE

Selling points include “full height glass windows [that] showcase remarkable views of the Atlanta skyline and surrounding areas,” per marketers with CBRE. 

Beyond the building, perks include accessibility to interstates via Peachtree Road, “a strong demographic base,” and walkability to Starbucks, Chick-fil-A, and local fave Bell Street Burritos, per marketing materials. 

The switch to medical uses has “created meaningful momentum at the property,” said Robert Holder, CEO of Holder, in an announcement. “This new financing… will allow us to continue executing on that vision.” 

...

Follow us on social media: 

Twitter / Facebook/and now: Instagram  

• Buckhead news, discussion (Urbanize Atlanta)