$72.25M refinancing arranged for Atlanta office building

ATLANTA, Jun. 3, 2025 – JLL Capital Markets announced today that it has arranged a $72.25 million refinancing for Summit Two, a 413,020-square-foot, Class A office building in the Central Perimeter submarket of Atlanta, Georgia.

JLL worked on behalf of the borrower, Spear Street Capital, to place the five-year loan with RBC Capital Markets.

Summit Two is part of the Perimeter Summit Office Park, which offers a campus setting boasting four office properties, multiple residential options, the Hyatt Regency Hotel & Conference Center, multiple food offerings and fitness centers and greenspace throughout. In addition, the property is close to Pill Hill, the largest concentration of healthcare facilities in the Southeast, Perimeter Mall and a variety of nearby restaurant and retail amenities. Summit Two has excellent visibility and accessibility, located adjacent to I-285, commonly known as The Perimeter, which connects to I-20, 75 and 85, and provides connectivity to the entire greater Atlanta area.

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 property offers 25,000-square-foot floorplates and floor-to-ceiling glass windows with unobstructed views of Atlanta. The highly amenitized property has secured over 325,000 square feet of new leases since taking ownership in 2022.

JLL’s Capital Markets Debt Advisory team representing the borrower was led by Managing Director C.J. Kelly and Director Hunter Goldberg.

“You can secure best-in-market terms when you pre-solve typical lender objections, and that is exactly what Spear Street has accomplished during their ownership,” said Kelly. “Office has undoubtedly been challenged over the past few years but assets that are well-located and offer unparalleled amenities that today’s tenants desire are not lacking for capital when loans come due or owners opt to sell.”

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries. 

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Spear Street Capital is an owner and operator of distinctive office properties located in the United States, Canada and Europe. The company acquires assets that have reached an inflection point where intensive leasing efforts or well considered physical changes can have a decisive effect on value. To learn more, please visit: spearstreetcapital.com.