California + Bay Area + Office | January 13, 2023

Spear Street Enters Atlanta with $247.5M Office Complex Buy, JLL Arranges Deal

Spear Street Enters Atlanta Market with $248M Office Complex Buy

San Francisco-based Spear Street Capital has broken into the Atlanta Market with the acquisition of 1001, 2002 and 4004 Summit Blvd., a trio of Class A office buildings within the Perimeter Summit Development in Atlanta, GA. JLL Capital Markets represented the confidential seller in the $247.5 million transaction.

“We are excited to enter the Atlanta market with scale via this acquisition,” said Spear Street Capital’s Laura Dunn. “With thoughtful reinvestment, Perimeter Summit is exceptionally well-positioned to capture large corporate occupiers committed to delivering high-quality, dynamic office environments to their employees.”

Located just off Interstate 285, Perimeter Summit is surrounded by more than 4,000 businesses and the largest concentration of medical facilities in metro Atlanta. The complex features several amenities, including fitness centers, common area workspaces and jogging trails and is convenient to High Street and Perimeter Mall, offering numerous retail, dining and entertainment options.

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About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.