ATLANTA—Despite a hard hit Atlanta commercial real estate market, Buckhead Place has won the confidence of investors. Buckhead Place has secured a $50 million refi.

CBRE’s Capital Markets group arranged the permanent financing. William Tyler, senior vice president of Atlanta’s CBRE Debt & Equity Finance team, represented Buckhead Place LLC, a subsidiary of JH Holdings, Inc., through its advisor, Coro Realty Advisors. Nationwide Life Insurance Company financed the Atlanta office building at a sub-4% interest rate.

“Buckhead Place has been under the same ownership and virtually debt free for three decades,” Tyler said in a statement. “The owner decided rates were low enough for 50% leveraging of the development.”

Located at the southwest corner of Peachtree Road and Piedmont Road in the Buckhead submarket, Buckhead Place is a mixed-use development that offers residential, retail, restaurant, and hospitality tenants. Developers built 05 Buckhead, a 21-story luxury high-rise apartment building with 155 units, at the main entrance of the retail site in 2009.

Buckhead Place retailers include Marshall’s, LA Fitness and restaurant Gordon Biersch, which takes up137,181 square feet of the project. Hyatt Place was constructed in 1996 on the corner of the intersection. With 171 guest rooms, CBRE reports that the hotel consistently outperforms competing area hotels.

“Considered ‘Main and Main’ in Buckhead, this corner is Atlanta’s most sought after address for almost any type of real estate which made lender activity brisk,” Tyler said. “The recent office overbuilding gave a few lenders some pause, but the rapid absorption has brought the true believers back.”