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1020 Spring Street Northwest

FINANCEDOffice

Todd L. Boehly And Daniel Weisen Provide $278 Million Refinance Loan For Ten Twenty Spring Office In Atlanta

1020 Spring Street Northwest

$278,000,000

Building Size

Asset Type

Office

Closing

Aug 6, 2026

AI

The loan involved is for Ten Twenty Spring, a 540,000-square-foot Class-A office tower located at 1020 Spring Street Northwest in Atlanta, GA. The refinancing loan amount is $278,000,000, which has been arranged for this 25-story property, recognized for its position in the market as a mixed-use office asset.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $278,000,000
  • Lender: Todd L. Boehly & Daniel Weisen - Eldridge Industries
  • Landlord: Ambrish Baisiwala & John C. Portman IV - Portman
  • Tenants: Ernst & Young, Reed Smith, Pinnacle Financial Partners

This refinancing deal indicates the involvement of key players in the real estate sector, with Todd L. Boehly and Daniel Weisen representing Eldridge Industries as lenders, while Ambrish Baisiwala and John C. Portman IV act as the landlords through Portman. The continuing demand for the property showcases its significance within the Atlanta office market.

Players

Todd L. Boehly

Eldridge Industries

Lender

$433M

vol

3 deals

Lender

Ambrish Baisiwala

Portman Holdings

Landlord

$818M

vol

2 deals

Landlord

Spring 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

0.06%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93