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Dilweg Acquires 7-building Portfolio in Tampa, Opens Office

DURHAM, N.C. (June 1, 2017) – Commercial real estate investment firm, The Dilweg Companies, announced today the acquisition of a 698,000 square-foot, 7-building portfolio in the Tampa metro.

The Tampa portfolio includes: Tampa Oaks One at 12802 Tampa Oaks Boulevard; Lakeview at Hidden River at 8875 Hidden River Parkway; 9000 Town Center Parkway in the Lakewood Ranch submarket; WestLake Corporate Center I and II at 9119 and 9009 Corporate Lake Drive; Orion Center at 3001 North Rocky Pointe Drive East; and Palm Court at Hidden River at 8600 Hidden River Parkway. The portfolio was 74 percent leased at the time of sale.

“We are excited to expand our Florida footprint with the acquisition of this 7-building portfolio,” said Anthony Dilweg, CEO of the Dilweg Companies. “We believe in the strengthening fundamentals of the Tampa metro and look forward to repositioning these assets.”

In conjunction with the acquisition, Dilweg also announced the opening of its Florida office.

“As we continue to expand our presence in Florida, it became increasingly important to have a team on the ground,” said Drew Cunningham, COO of the Dilweg Companies. “We are excited to announce the opening of Dilweg’s first Florida office at Sarasota City Center and welcome real estate veteran, Liz Madzula as Managing Director.”

Madzula will oversee commercial property management, leasing and asset enhancement for the firm’s Florida portfolio. She brings more than 20 years of experience in commercial real estate to the position. Prior to joining Dilweg, Madzula served as Senior Director with New York Life Real Estate Investors and Senior Asset Manager with GE Capital Real Estate.

Dilweg acquired its first Florida asset, Sarasota City Center, in April. The purchase of the Tampa portfolio brings Dilweg’s Southeast holdings to more than 7.5 million square feet.

The HFF investment sales team representing the seller was led by senior managing directors Hermen Rodriguez and Ryan Clutter, director Ike Ojala and associate director Chris Lingerfelt.

About The Dilweg Companies

The Dilweg Companies is a full-service commercial real estate investment firm based in Durham, North Carolina. Since its launch in 1999, Dilweg has gained broad experience in the acquisition, development and operation of office, retail, warehouse/flex, multifamily and self-storage properties. Dilweg’s investors have sponsored nearly $1.3 billion in assets and more than 11.8 million square feet throughout North Carolina, South Carolina, Virginia, Georgia and Florida. For more information, please call (919) 402-9100 or go to www.dilweg.com.

 

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