Alston & Bird Renews 295,000 Square Foot Office Lease At One Atlantic Center Atlanta With Barry Sternlicht
1201 West Peachtree Street Northwest
Building Size
295,000 SF
Asset Type
Office
Closing
Oct 22, 2026
About this deal
AI
The property asset involved in this transaction is an office space located at 1201 West Peachtree Street Northwest in Atlanta, GA. This asset spans 295,000 square feet and is situated in a key market area. The landlord of this property is Barry Sternlicht, representing Starwood Capital Group, which is undertaking significant capital investment in the 50-story tower.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 295,000
- Address: 1201 West Peachtree Street Northwest
- Market: Atlanta, GA
- Landlord: Barry Sternlicht - Starwood Capital Group
- Tenant: Janine Brown - Alston & Bird
- Broker: Savills
Janine Brown represents Alston & Bird, which has renewed its lease at this location, decreasing its footprint from the previous 340,000 square feet. This decision reaffirms Alston & Bird's commitment to the Midtown area.
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Andrews Office Market Snapshot
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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