1355 Peachtree, Atlanta, GA
ATLANTA, GA—Square Mile Capital Management has originated a $60 million loan secured by 1355 Peachtree, a 20-story office building located in the Midtown submarket of Atlanta, GA.
The loan was made to funds and accounts managed by Oaktree Capital Managementand a borrower affiliated with Banyan Street Capital. It includes proceeds to repay existing debt and fund future leasing costs and capital expenditures at the property. The financing was arranged by Chris Campbell and Daniel Allman of Eastdil Secured's Atlanta office.
“We are pleased to develop new ties with Oaktree and continue our lending relationship with Banyan Street, an experienced owner and operator with a strong track record in the Atlanta market,” says Square Mile Capital vice president Eric Cohen. “Since its acquisition of the property in 2015, the partnership has modernized the property and successfully executed on its leasing plan. With new capital made available through this financing and positive momentum in the Midtown market, we feel the property is well positioned for continued success.”
The property is located in the Midtown submarket of Atlanta, providing convenient access and walkability to Arts Center MARTA Station, Colony Square and various other entertainment, dining, and cultural destinations. The building offers first-class amenities including a conference facility, concierge services, a fitness center, and an underground parking facility and is leased to an institutional tenant roster across a range of industries.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
