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Dilweg Purchases the Johnston Building in Uptown Charlotte

DURHAM N.C. (Feb. 02, 2015) The Dilweg Companies, a commercial real estate investment and management firm based in Durham, has purchased the Johnston Building in the heart of Uptown Charlotte.

The Johnston Building is a 17-story office building located at 212 South Tryon Street in Uptown. The property totals 172,382 square feet and was more than 84 percent occupied at the time of sale. The building’s major tenants include Carlisle & Gallagher Consulting Group, Montreat College and Fifth Third Bank.

“We believe the Johnston Building’s unique design, history and central location make it attractive to the Uptown workforce,” said Anthony Dilweg, CEO of the Dilweg Companies. “The metro’s strengthening fundamentals make it an exciting time to be in Charlotte, and we’re thrilled to expand our footprint here.”

The Johnston Building was the tallest building in Charlotte when it was constructed in 1924. In 1992, the Charlotte Mecklenburg Historic Landmarks Commission designated the building a Charlotte Historical Landmark.

The purchase of the Johnston Building brings Dilweg’s Charlotte office holdings to more than 850,000 square feet. The firm also owns 121 West Trade, One and Two SouthPark Center and Park Abbey.

Patrick Gildea of CBRE represented the seller on the deal.

About The Dilweg Companies: The Dilweg Companies is a full-service commercial real estate 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 $715 million in asset value and more than 7.5 million square feet throughout North Carolina, South Carolina, Virginia and Georgia. For more information, please call (919) 313-3483 or go to www.dilweg.com.

 

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