How Much Did Alpharetta Move Cost Fiserv?

So how much did that little HQ move from Peachtree Corners to Alpharetta cost Fiserv? According to a recent SEC filing, in excess of $60M. The software firm reports that it spent $62M on capital expenditures primarily due to its move to Cobalt Center at 2900 and 2950 Westside Pkwy in Alpharetta earlier this year. That price tag was offset by $25M of landlord reimbursements and $37M of "non-reimbursable building expenditures." The move by the company put the CMBS loan tagged to its former Peachtree Corners campus in potential monetary default. But as we previously reported here, the campus could have a buyer that would save it from that fate.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

What's At Stake For CRE In Tuesday's U.S. Midterm

Dan Wagner To Head Lee & Associates In Atlanta: The Atlanta Deal Sheet

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Gwinnett Mall Project Stands To Benefit From Georgia's Opportunity Zone Picks

Georgia's Utility Board Race Could Reshape Nearly 20 GW Pipeline Of Data Centers

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown

Auto Retailer Completes Hennessy Acquisition: The Atlanta Deal Sheet

Denver Public Schools' $11M Centennial Hall Purchase Marks Rare Land Sale For ULC