Dilweg Positions 101 Marietta for Future Growth
The Dilweg Companies and co-working company, WeWork, have mutually agreed to terminate the 80,000-square-foot lease at 101 Marietta St., located in downtown Atlanta. 101 Marietta provides an opportunity like nothing else in the Downtown market; with the ability to create up to 120,000 square feet of contiguous, creative, move-in ready office space with top of building signage, visible in the Downtown skyline.
“Despite the varying market conditions amidst the COVID-19 pandemic, we are confident in our ability to backfill the vacant space and continue to be a preferred office destination in Downtown, said Drew Cunningham, Partner and Chief Operating Officer for The Dilweg Companies. We see this as an opportunity to best position 101 Marietta for future growth and success.”
101 Marietta caters to a diverse mix of tenants creating a uniquely energized tenant base. Since acquisition in 2015, TDC has successfully leased over 470,000 SF at the property, in which 255,000 SF were new leases. In 2020 alone, 101 Marietta welcomed five new tenants comprising a total of 48,000 SF.
In 2017, TDC completed a multi-million-dollar renovation to create a dynamic modernized lobby featuring a life-size video wall and innovative seating with meeting collaboration spaces, in addition to a revitalized Fitness Center, a brand-new state-of-the-art Conference / Training Facility, and an amenity lounge for tenants and their employees.
As one of Atlanta’s most recognizable buildings, 101 Marietta is located in the center of the city’s business and entertainment district. This Class A building is within walking distance to Centennial Olympic Park, Mercedes-Benz Stadium, State Farm Arena, and the Georgia Aquarium, as well as numerous hotels, restaurants, banks, and retail shopping. 101 Marietta is located in close proximity to the Five Points and CNN Center MARTA stations, as well as the intersection of I-75, I-85, and I-20.
About The Dilweg Companies
The Dilweg Companies (TDC) is a vertically-integrated real estate owner-operator founded in 1999 by Anthony Dilweg. TDC manages a portfolio of primarily commercial office assets valued at $1.2 billion including 24 assets with a total of 5.8 million square feet. Headquartered in Raleigh-Durham, with offices in Charlotte, Atlanta, and Tampa, TDC utilizes a strategic middle-market investment strategy to deliver long-term value to our investors and tenants across the rapidly growing Southeast U.S.
For more information, please call (919) 402-9100 or visit www.dilweg.com.