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
Atlanta Office Market Snapshot
Boundary boundary · Office · 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