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Selig Enterprises And Florida State Board Of Administration Secures $245M Refinancing For Atlanta Office Tower

Property Image
FINANCED
$245,000,000

Georgia

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Office653,525 SF
Financed 12/02/2025
the dealdetailscomps
Property Image
FINANCED

Selig Enterprises And Florida State Board Of Administration Secures $245M Refinancing For Atlanta Office Tower

1105 West Peachtree Street Northwest

See Similar Deals
Office653,525 SF
Financed 12/02/2025

Summary

GEORGIA
Asset Type:Office
Price Per Square Foot:$374
Total Square Footage:653,525 SF
Transaction Type:Loan

The property asset involved in the transaction is an office tower located at 1105 West Peachtree Street Northwest in Atlanta, GA. The asset spans a total of 653,525 square feet and is currently 95% leased to Google. The refinancing for this property amounts to $245,000,000, which includes various costs such as existing debt, tenant improvement reserves, and closing costs.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $245,000,000
  • Asset Size: 653,525 SF
  • Address: 1105 West Peachtree Street Northwest
  • Market: Atlanta, GA
  • Landlords: Selig Enterprises & Florida State Board of Administration

The deal features key players including Selig Enterprises and the State Board of Administration of Florida, who secured the refinancing for the office tower. Their involvement addresses the management of existing debt and provisions for tenant improvements.

Details

FINANCED
IMAGE: 12/02/2025 ADDRESS: 1105 West Peachtree Street Northwest MARKET: Atlanta, GA ASSET TYPE: Office ~ SF: 653,525 LANDLORD: Selig Enterprises & Florida State Board of Administration LOAN AMOUNT: $245,000,000 NOTE: Selig Enterprises and the State Board of Administration of Florida secured $245M refinancing for 1105 West Peachtree, a 653,525-sf Atlanta office tower 95% leased to Google, with the loan covering existing debt, tenant improvement reserves, and closing costs.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$245,000,000.00

Monthly NOI$1,633,333.33
Monthly Debt Service$1,548,566.66
Change in Cash Flow$0.00
Refinance Proceeds$0.00