Spear Street Capital Signs Five New Office Leases Totaling 47800 Square Feet In Brookhaven
1001 Perimeter Summit Boulevard
Building Size
47,798 SF
Asset Type
Mixed-use
Closing
Oct 21, 2024
AI
The mixed-use property located at 1001 - 1004 Perimeter Summit Boulevard encompasses a total square footage of 47,798. It is situated in the Brookhaven, GA market and is part of a larger 1.7 million-square-foot development, which has undergone significant capital improvements and tenant programming enhancements.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Landlord: Laura Dunn - Spear Street Capital
- Tenant: FinQuery; Chicago Title Insurance Company; HealthLink Dimensions; American Global; Public Company Accounting Oversight Board
- Brokers: Adam Viente, Alexis Vondersaar & Brooke Dewey - JLL
This transaction involved multiple tenants signing new office leases within the upgraded mixed-use development, reflecting a strategic effort to attract businesses through improved amenities and community initiatives. The brokers representing the transactions were Adam Viente, Alexis Vondersaar, and Brooke Dewey from JLL.
Players
Brookhaven Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93