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Atlanta & Southeast  + Atlanta  + Office  |  April 29, 2022
Cushman & Wakefield has arranged $224 million in construction financing for Class A+ office tower in Midtown Atlanta’s Spring Quarter development.
By: Lisa McDuffie

$224M Loan Launches 25-Story Office Tower in Atlanta’s Spring Quarter

Cushman & Wakefield has arranged $224 million in construction financing on behalf of Portman Holdings for 1020 Spring, a speculative Class A+ office tower. The property will rise in Midtown Atlanta’s Spring Quarter mixed-use development.

Brian Linnihan, Mike Ryan, Richard Henry and JP Cordeiro of Cushman & Wakefield secured the construction loan through Goldman Sachs.

“Office demand in Midtown is 4.5 times greater than supply for full floor vacancies available, led by the tech tenants fueled by Georgia Tech,” said Linnihan.

The 25-story tower will offer 528,000-square feet of rentable space and 8,000 square feet of ground floor retail. It will also include a large co-working collaborative space adjacent to a rooftop bar, balconies on every floor, and fitness center. Spring Quarter isa 4.1-acre, city block development that will include 1020 Spring, 370 residences, 40,000 square feet of retail and the adaptive reimagining of the H.M Patterson House & Gardens.

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Inside The Story

Cushman & Wakefield's Linnihan

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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