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
Brookhaven Office Market Snapshot
Boundary boundary · Office · Loan transactions
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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