Commercial Observer: Peachtree Group Supplies $36MM Refi for Houston Hotel Conversion Project
Peachtree Group originated a $36.1MM three-year, floating-rate loan with two 12-month extension for a Houston Hotel
Commercial Observer | Core Acquisitions secured a $35MM loan from Peachtree Group to acquire the 428,000-square-foot Deerbrook Shopping Center in Deerfield, Illinois. The $44 million purchase features long-time anchor Jewel-Osco, supported by national tenants including Marshalls, Floor & Décor, Panera Bread, Starbucks and Sky Zone. Peachtree Group’s Taylor Pike noted the center’s strong retail fundamentals, high foot traffic, and value-add potential in its southern portion, emphasizing Core Acquisitions’ deep local knowledge and hands-on commitment. With nearby multifamily development and strong transit access, the property is well positioned for long-term demand.
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