Dilweg Purchases Mid-Rise Office Building in Metro Atlanta’s Peachtree Corners
6625 The Corners Parkway is part of a Three Property Portfolio, Peachtree Corners Collection
ATLANTA (October 13, 2021) — Dilweg, a leading Southeast real estate investment firm, today announces the purchase of 6625 The Corners Parkway, located just outside of Atlanta in Peachtree Corners. The property is part of the Peachtree Corners Collection, which features suburban offices totaling 302,201 square feet. Torchlight Investors was the special servicer representing the bondholders who acquired the property through receivership in November 2018.
“We’ve been paying close attention to the increased demand for office space in suburban submarkets, including Peachtree Corners,” said Blake Underwood, Managing Director of Acquisitions for Dilweg. “There’s also specific supply side dynamics happening in Peachtree Corners that have given us increasingly more confidence in deploying capital in this submarket.”
Dilweg’s immediate strategy will be to increase occupancy at 6625 The Corners Parkway through select renovations. The five-story property totals 103,456 square feet.
6625 The Corners Parkway is located only 25 minutes from Atlanta’s urban core. With direct access to Peachtree Parkway, tenants and visitors can easily access amenities such as The Forum and Peachtree Corners Town Center. The building features a 115-acre park setting, lake views, and access to nearby walking trails.
JLL’s Ralph Smalley represented Torchlight Investors in the sale. CBRE’s Peter Mcguone, Parker Welton, and Bryan Heller will represent Dilweg in future leasing efforts.
Dilweg is the expert, strategic commercial real estate investment firm that consistently generates risk-adjusted returns for investors by resourcefully uncovering unique opportunities and intently focusing on result-centric execution. With offices in Durham, Atlanta, Charlotte, and Tampa, Dilweg is a full-service real estate organization, whose mission is to deliver long-term value to its investors, tenants, and the community. Since its beginnings in 1999, the firm has acquired more than $1.34 billion in asset value and more than 11.1 million square feet throughout the Southeast. In recent years, the firm shed many of the non-strategic assets and concentrated the majority of acquisitions on Class-A office buildings, primarily in the Atlanta, Charlotte, Nashville, Tampa and Raleigh-Durham metros. In the process, the firm established itself as a high-quality investor and operator of opportunistic and value-added, middle-market ($15 million to $100 million) office assets.