Monday, May 14, 2018

Atlanta Hawks Basketball Club Signs Multi-Floor Lease Renewal at 101 Marietta Street


Centennial Tower, 101 Marietta Street, Downtown Atlanta GA

Scott Wilkinson
ATLANTA, GA  (May 14, 2018) – The Dilweg Companies announced today the signing of a long-term lease renewal with the Atlanta Hawks Basketball Club at 101 Marietta Street, a recently renovated 36-story Class A office tower and signature landmark of the Downtown Atlanta skyline.

The eight-year extension represents 53,865 square feet of premium office space on three different floors that currently houses over 200 Hawks employees. 

Major renovations are planned aimed at increasing the number of collaborative and employee-friendly work spaces. The NBA franchise has called 101 Marietta Street home since 2004.

Anthony Dilweg
“We love being downtown – so close to the Arena, MARTA and Centennial Park and we are committed to the future of Downtown Atlanta,"  said Scott Wilkinson, Chief Legal Officer of the Hawks.

"The offices at 101 Marietta Street check all the boxes in terms of convenience, location and overall appeal for our employees, making it an easy decision to extend our relationship.

“The cutting-edge workspace and premier amenities that Dilweg has delivered in the last year have been impressive, and have fostered an energized atmosphere that will attract and retain quality talent. 

"We look forward to embarking on our next chapter downtown at 101 Marietta Street and a transformed Philips Arena.”

101 Marietta Street recently underwent a $5 million repositioning project, and offers brand new amenities, breathtaking skyline views and access to vibrant in-town destinations.

Jerry Banks
 Improvements include a state-of-the-art front lobby, life-size two-way virtual window offering real-time views of the streetscape and building interior, brand new fitness center, and new tenant lounge known as “The Hub” featuring televisions, a pool table, couches, and kitchen with barstool-style seating.

Chris Port, Senior Vice President with CBRE, represented the owners. John Dolan from CBRE represented the tenant.

“The Hawks’ commitment to 101 Marietta Street affirms the building’s first-class amenities and premier location in the heart of Downtown Atlanta,” said Anthony Dilweg, Founder and CEO at The Dilweg Companies. “The significant capital investments reflect our commitment to delivering future-ready workspaces that foster growth for tenants and build long-term value for our strategic partners.”

Chris Port
The building is currently 80 percent leased and includes notable tenants such as The Associated Press, CH Robinson, NAGRA/Kudelski Group, Oracle, Cogeco PEER 1 and Southern Education. 

The broad range of industry sectors represented at 101 Marietta Street include media, entertainment, logistics, digital security, education, legal and professional services.

“We are pleased to continue our partnership with the Atlanta Hawks, who are a cornerstone tenant and valued ambassador for our building,” said Jerry Banks, Managing Director at The Dilweg Companies. “The resurgence of Downtown Atlanta coincides with the robust leasing momentum at 101 Marietta Street. We look forward to sharing more news on our growing and diverse tenant roster in the near future.”

John Dolan
Tenants enjoy convenient access to three separate MARTA train stations located near the building, and are also just a short walk away from Centennial Olympic Park, CNN Center, Georgia Aquarium, the College Football Hall of Fame and the new Mercedes-Benz Stadium.

101 Marietta Street is in close proximity to several shopping and dining venues in the heart of Downtown Atlanta, and is part of the city’s newly dedicated arts and entertainment district.

CBRE is overseeing leasing at 101 Marietta Street. To learn more about floor plans and available office space, click here. Photos of the property can be found here.

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 $1.34 billion in assets and more than 11.1 million square feet throughout North Carolina, Florida and Georgia. For more information, please call (919) 402-9100 or go to www.dilweg.com.

With a bold identity and strong new ownership, the Atlanta Hawks Basketball Club and Philips Arena remain committed to making Atlantans proud on the court and off. 


Phillips Arena, Atlanta, GA
The 2014-15 Southeast Division Champions, the Hawks made the postseason in 10 consecutive seasons and reached the Eastern Conference Finals for the first time in franchise history in 2015. 

Off the court, the organization has built a culture of inclusion, diversity and innovation, all with a touch of Southern Hospitality.

 It continues into the community where the organization builds bridges through basketball, whether by constructing and refurbishing courts in Atlanta neighborhoods, providing scholarships to our basketball camps, or surprising and delighting our fans with unique Atlanta Hawks experiences. 

Atlanta Hawks Membership, which includes your seat for every home game for the 2018-19 regular season games, is on sale now at www.hawks.com/membership or by calling 866-715-1500! For more information on the Hawks, log on to www.hawks.com today or follow us on twitter @ATLHawks.

For more information, please contact:

Nick Banaszak
1718 Peachtree St., Suite 1048 
Atlanta, GA 30309
M: 256-457-5384



Capital Square 1031 Completes DST Offering of 160-Unit Multifamily Community in Athens, GA



Louis Rogers
RICHMOND, VA – Capital Square 1031, a leading sponsor of Delaware statutory trust investments, announced its offering, CS1031 High Ridge Apartments, DST, comprised of a 160-unit multifamily community in Athens, Georgia, has been fully subscribed by a total of 33 investors.

“High Ridge Apartments is located in a strong multifamily rental market in Athens, Georgia,” said Louis Rogers, founder and chief executive officer.

 “With numerous amenities and excellent fundamentals, this multifamily offering aligns well with our strategy of providing investors high-quality, passive investments with a potential for long-term growth.”

Located at 700 Mitchell Bridge Road, High Ridge Apartments is situated on 18 acres of land. The community is comprised of 11 two- and three-story residential apartment buildings consisting of one-two- and three-bedroom units, with an average size of 1,228 square feet.
  
For more information, please contact:

Julie Leber      
Spotlight Marketing Communications  
949.427.5172, ext. 703  


Chatham Lodging Announces Monthly Dividend


WEST PALM BEACH, FL —Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 135 hotels wholly or through joint ventures, announced its board of trustees has declared a monthly common share dividend of $0.11 for May 2018.
         The common dividend is payable June 29, 2018, to shareholders of record on May 31, 2018.
Chatham Lodging Trust is a self-advised, publicly-traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels.

The company owns interests in 135 hotels totaling 18,518 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,020 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,498 rooms/suites.

For more information, please contact:

Patrick Daly
Office Manager
Daly Gray, Inc.
Office:  (703) 435-6293
Cell:  (703) 300-8289
www.chathamlodgingtrust.com.