facebook

traded

+ Submit
Home

/

Deals

/

Georgia

/

Office

/

Lease

/

1020 Spring Street Northwest

EY Leases 102,195 Square Feet At Ten Twenty Spring With Stream Realty Partners As Landlord's Rep
LEASEDOffice

EY Leases 102,195 Square Feet At Ten Twenty Spring With Stream Realty Partners As Landlord's Rep

1020 Spring Street Northwest

Building Size

102,195 SF

Asset Type

Office

Closing

Aug 26, 2025

AI

The asset involved in this transaction is an office space located at 1020 Spring Street in Atlanta, GA. It encompasses a total area of 102,195 square feet, facilitating corporate operations. This property is situated in a prominent market area known for its accessibility and business infrastructure.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1020 Spring Street
  • Market: Atlanta, GA
  • Landlord: Portman Holdings & Perform Properties
  • Tenant: EY
  • Landlord's Representative: Glenn Kolker, Malik Leaphart & Preston Menning - Stream Realty Partners
  • Tenant's Representative: Glenn Dyke - CBRE

This transaction marks EY's significant relocation of 3,000 employees from downtown to this new office space scheduled for next August. CBRE acted as the representative for EY, while Stream Realty Partners represented the landlord, comprising Portman Holdings and Perform Properties, a company under Blackstone.

Players

Glenn Dyke

CBRE

Broker

2 deals

Broker
Stream Realty Partners⁠
Stream Realty Partners⁠Brokerage
CBRE
CBREBrokerage
Perform Properties
Perform PropertiesLandlord

Atlanta Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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