Spear Street Capital obtained a $72.25 million refinancing for Summit Two, a 413,020-square-foot Class A office building in Atlanta’s Central Perimeter submarket.
JLL arranged the financing for Spear Street Capital to place the five-year loan with RBC Capital Markets. C.J. Kelly and Hunter Goldberg led JLL’s Capital Markets Debt Advisory team.
Standing 18 stories tall, Summit Two is 81% leased to four diversified tenants, Aprio, Beazer Homes, Zaxby’s and one of the world’s largest insurance companies. The highly amenitized property has secured over 325,000 square feet of new leases since taking ownership in 2022.
Summit Two is part of the Perimeter Summit Office Park, boasting four office properties, multiple residential options, the Hyatt Regency Hotel & Conference Center, multiple food offerings, fitness centers and green space throughout. In addition, the property is close to Pill Hill, the largest concentration of healthcare facilities in the Southeast, Perimeter Mall and various nearby restaurants and retail amenities.
The post Spear Street Closes on $72.25M Atlanta Office Refi appeared first on Connect CRE.
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