**Selig Enterprises Secures $245M Refinancing for Atlanta High-Rise**
Selig Enterprises, in partnership with the State Board of Administration of Florida, has closed on a $245 million loan to refinance 1105 West Peachtree, a premier 653,525-square-foot office tower in Atlanta. Deutsche Bank National Trust Company serves as the trustee on the deal.
According to industry sources, Trimont LLC is acting as the master servicer, while KeyBank National Association is the special servicer. The refinancing package — which includes $10.9 million in equity — will be used to refinance $243.7 million in existing debt. Additionally, $11.2 million has been set aside in reserves to fund outstanding tenant improvements, leasing abatements, and closing costs.
Originally delivered in 2021, the 31-story Class A office building is part of a larger mixed-use development that also features a 178-key hotel and a 64-unit residential condominium.
At the time of the transaction, the office tower was 95.4% leased, with Google as its primary occupant. The property received a $303 million loan from the Development Authority of Fulton County in 2019 to support its development.
This significant refinancing deal underscores investor confidence in high-quality office assets in key urban markets like Atlanta, especially those with strong tenancy and mixed-use amenities.
