Spear Street Capital has acquired three Class A office buildings within Perimeter Summit in Atlanta, Georgia. The property, located at 1001, 2002 and 4004 Summit Blvd., sold for $247.5M
JLL represented the confidential seller and procured the buyer.
Perimeter Summit is located just off Interstate 285. As part of the Central Perimeter submarket, it is surrounded by more than 4,000 businesses and the largest concentration of medical facilities in metro Atlanta. In addition, Perimeter Summit is near High Street and Perimeter Mall, offering numerous retail, restaurant and entertainment options.
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The complex is leased to 12 tenants across 11 industries. The project is amenity-rich and tenants have access to state-of-the-art fitness centers, tenant conferencing centers, common area workspaces, underground parking and outdoor amenities such as jogging trails and greenspace.
The JLL Capital Markets team representing the seller was led by Senior Managing Directors Richard Reid, Ed Coco and Ryan Clutter and Managing Directors Ralph Smalley and Huston Green.
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