The new owners of a three-building, mixed-use complex in North Brookhaven say “significant capital improvements” with appealing activations alongside fresh retail and restaurant options are en route.
Back in January, Spear Street Capital purchased the three Class A office buildings at Perimeter Summit for a whopping $247.5 million.
The complex is located just inside Interstate 285, east of its intersection with Ga. Highway 400—a location that qualifies as ATP, or At The Perimeter.
The campus spans about 1.3 million square feet in Central Perimeter—described by Spear Street as Atlanta’s largest office submarket—with buildings standing 21, 18, and 16 stories.
The complex's Summit Boulevard location, just inside the Interstate 285 Perimeter, in North Brookhaven. Google Maps
Spear Street Capital; designs, Fogarty Finger
In coming month, Spear Street expects to begin an infusion of upgrades that aim to keep tenants engaged and boost recruitments efforts of employers on site in the WFH era. Exactly what the company plans to spend wasn’t disclosed, but New York-based architecture firm Fogarty Finger has been brought on to design the changes.
Upgrades, according to Spear Street, will include modernized lobbies and enhanced common areas, next to outdoor amenities such as walking trails, outdoor workspaces with high-speed WiFi, gardens, and bocce ball courts dispersed throughout the campus.
An airstream trailer serving coffee, smoothies, and small bites will be installed next to the Summit Four building. Spear Street has also hired SRS Real Estate Partners to beef up food and beverage options elsewhere on the campus, while JLL has been picked to lease larger office spaces.
Spear Street Capital; designs, Fogarty Finger
Spear Street expects the renovations to be finished by the end of 2023.
Today, existing retail at the Perimeter Summit complex includes Savi Provisions, Villa Christina Restaurant, Summit Coffee Shop, a Sweetgreen location, and more.
Spear Street Capital; designs, Fogarty Finger
Spear Street Capital; designs, Fogarty Finger
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