Dilweg Acquires Vantage Place in Nashville
DURHAM, N.C. (April 10, 2017) – Commercial real estate investment firm, The Dilweg Companies, announced today the acquisition of Vantage Place in Nashville.
Vantage Place is a five-story Class B office building located Nashville’s MetroCenter submarket. The building totals 167,818 square feet and was built in 1981. Major tenants include Centerstone Research Institute, CGS and Young Williams. The building was 92 percent leased at the time of sale.
“We are excited to expand our Southeast footprint into the Nashville market with the acquisition of Vantage Place,” said Anthony Dilweg, CEO of the Dilweg Companies. “We are bullish on the Nashville market and believe Vantage Place is well-positioned in MetroCenter to reach and maintain above average occupancy over our hold period.”
“Nashville is one of our target markets, and Vantage Place is our first of hopefully many acquisitions in the Nashville metro area,” said Zach Ashton, Managing Director of Acquisitions for the Dilweg Companies.
The purchase of Vantage Place brings Dilweg’s Southeast holdings to nearly 6 million square feet. The firm also owns assets in Raleigh-Durham, Charlotte and Atlanta.
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 over $1 billion in assets and more than 10 million square feet throughout North Carolina, South Carolina, Virginia and Georgia. For more information, please call (919) 402-9100 or go to www.dilweg.com.