Atlanta-based real estate investment and development firm Branch Properties is celebrating its 50th anniversary, honoring the company’s rich history and role in shaping Metro Atlanta’s real estate landscape. Since its founding, the company has played a large part in strengthening the quality of development, acquisition, leasing and property management services across the Southeast.
Branch is also announcing the transition of Jesse Shannon to president, and he will remain the firm’s chief investment officer. He will take over the role from Nick Telesca, who served as president of Branch for 25 years. Telesca will now serve as chairman at Branch and continue to oversee major business initiatives and decisions.
Branch was founded in 1973 by J. Alexander Branch III with the goal of providing real estate investment and advisory offerings to high-net-worth foreign investors. He played a pivotal role in bringing capital to Atlanta through European investors in the 1970s and 1980s, which in part began the real estate boom that grew Atlanta into the city it is today. Since then, the firm has acquired, developed and managed over $5 billion of commercial real estate in markets across the Southeast.
“Over the past 50 years and beginning with the leadership of Alex Branch, Branch Properties was instrumental in bringing foreign investment to the Southeast and changing the landscape of Atlanta’s retail market,” said Branch Partner and Vice Chairman Richard Lee. “From Disco Kroger to Peachtree Battle, it has been rewarding to see how our projects have transformed neighborhoods, impacting communities not only in our backyard of Metro Atlanta, but also in a number of growing areas across the Southeast. Our investors remain confident in our proven acquisition and development strategy and its ability to yield increasingly successful returns. We are thankful for their continued support throughout the years.”
Over Branch’s history, it has acquired and…
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