Chicago firm buys new Chick-fil-A property in Buckhead for over $12 million
A new Chick-fil-A in the heart of Buckhead has sold.
Joann Vitelli
By Henry Queen – Staff Reporter, Atlanta Business Chronicle
Aug 26, 2025
Updated Aug 26, 2025 12:08pm EDT
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Coro Realty has sold a parcel in Buckhead occupied by a new Chick-fil-A.
The buyer is associated with Chicago-based property manager SRE Holdings LLC.
Coro is in the process of selling its holdings at Buckhead Place.
A newly built Chick-fil-A on a prime piece of Buckhead real estate has fetched a high price.
Atlanta-based Coro Realty sold a 1.4-acre outparcel at Buckhead Place near the intersection of Peachtree and Piedmont roads for $12.15 million, according to Fulton County property records. The sole tenant is Chick-fil-A, which opened earlier this year.
The buyer was an entity associated with SRE Holdings LLC, a Chicago-based property manager.
CBRE's Chris Bosworth and the firm's Atlanta net lease property group brokered the transaction on behalf of Coro.
The 5,000-square-foot property most recently changed hands in 2012, according to property records. It was part of a larger $85.8 million transfer of Buckhead Place, a 150,000-square-foot shopping center with Marshalls, LA Fitness, Five Below and other retailers.
Robert Fransen, president and managing partner of Coro Realty, said the company has actually owned this corner of Buckhead for decades. It bought its first portion of Buckhead Place — the current site of the Beverly by Alta — in 1984, Fransen said.
The 2012 transfer of the Chick-fil-A site occurred between Coro affiliates. Around that time, David's Bridal opened its location there. It then closed in 2023 following bankruptcy, making way for the buildout of the fast-food favorite.
Coro is now in the process of selling its holdings at Buckhead Place. It started by selling 05 Apartments, now known as the Tower on Piedmont, for $69 million in 2021 near the peak of multifamily valuations.
The shopping center with Marshalls was not included in this month's transaction, though it has been listed for sale.
Fransen said the firm is selling the assets to redeploy funds into other opportunistic investments. The price for the Chick-fil-A land was too good to pass up, Fransen said.
Chick-fil-A has a 15-year, triple-net ground lease at 3234 Peachtree Road NE that started in 2025. It pays over $500,000 in annual base rent with a 10% increase every five years, a source told Atlanta Business Chronicle.
The new location was built just 0.2 miles away from the Chick-fil-A at the Terminus 100 tower. The retailer saw enough demand at Peachtree and Piedmont — one of the city's busiest intersections — to merit another location.
