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1001 Perimeter Summit Boule...

Spear Street Capital Secures $72.25 Million Refinance From RBC Capital Markets For Office Tower
FINANCEDOffice

Spear Street Capital Secures $72.25 Million Refinance From RBC Capital Markets For Office Tower

1001 Perimeter Summit Boulevard

$72,250,000

$174/SF

Building Size

413,020 SF

Asset Type

Office

Closing

Jun 4, 2025

AI

The asset involved in this transaction is an office property located at 1001 Perimeter Summit Boulevard in Brookhaven, GA, encompassing a total of 413,020 square feet. The transaction was a refinancing deal with a total amount of $72,250,000, executed as a five-year loan.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $72,250,000
  • Loan Type: Refinance
  • Loan Terms: five-year loan
  • Lender: RBC Capital Markets
  • Landlord: Spear Street Capital
  • Brokerage: C.J. Kelly & Hunter Goldberg - JLL

This transaction highlights the role of Spear Street Capital as the landlord securing refinancing for their office tower, Summit Two. RBC Capital Markets acted as the lender in this significant financial arrangement, with the brokerage services provided by JLL through representatives C.J. Kelly and Hunter Goldberg.

Players

C.J. Kelly

JLL

Broker

$125M

vol

4 deals

Broker
RBC Capital Markets
RBC Capital MarketsLender
Spear Street Capital
Spear Street CapitalLandlord

Brookhaven Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93