January 18, 2017 1:53 AM ET

Real Estate Management and Development

Company Overview of The Dilweg Companies, LLC

Company Overview

The Dilweg Companies, LLC, a commercial real estate investment and management company, engages in the acquisition, development, and operation of office, retail warehouse/flex, multifamily, and self-storage properties in North Carolina, South Carolina, Virginia, and Georgia. It offers asset enhancement services by managing capital improvement requirements, marketing and re-branding plans, tenant leasing objectives, asset repositioning requirements, and expense controls for improving operating margins. The company also offers property management services, such as day-to-day operations of assets in the portfolio, as well as helping in executing the long-term strategic plan developed by the asse...

5310 South Alston Avenue

Suite 210

Durham, NC 27713

United States

Founded in 1997

Phone:

919-402-9100

Fax:

919-402-9119

Key Executives for The Dilweg Companies, LLC

Founder, Chairman and Chief Executive Officer
President and General Counsel
Managing Director of Finance & Accounting
Chief Operating Officer and Partner
Principal and Treasurer
Compensation as of Fiscal Year 2016.

The Dilweg Companies, LLC Key Developments

The Dilweg Companies Buys Triangle Office Park for $41.5 Million

The Dilweg Companies has added four more Class A office buildings to its portfolio of properties in the Triangle. Dilweg on November 7, 2016 finalized its purchase of the Quadrangle II, II, IV and V buildings that total 264,410 square feet of office space, located near the intersection of Interstate 40 and N.C. 54. It was also the Chapel Hill office park where Dilweg, a former quarterback in the NFL, made his career switch to commercial real estate in 1994, joining Vanguard Associates as a broker representing tenants and landlords in lease negotiations. At the time of sale, the buildings were 91% leased. The seller was Property Reserve Inc. of Salt Lake City. The transaction did not include Quadrangle I, the oldest property on the campus built in 1986, which is owned by California-based Alexandria Real Estate. The four Quadrangle office properties sold to Dilweg were built between 1988 and 1996. Dilweg notes that the firm plans to invest more than $2.5 million in improvements to the buildings' operating systems, common areas and amenities.

Michael Eskra Joins The Dilweg Companies as Managing Director of Finance, Accounting

The Dilweg Companies announced that Michael Eskra has joined the company as Managing Director of Finance and Accounting. In this position, Eskra will oversee the operations of Dilweg’s finance and accounting teams. He brings more than 17 years of relevant experience to the position. Prior to joining The Dilweg Companies, Eskra served as at several New York based real estate investment groups where he was involved with both debt and equity investing in a variety of asset classes.

Dilweg In Talks To Acquire Atlanta Plaza

The Dilweg Companies, LLC is in serious talks with the owners of the 34-story Atlanta Plaza tower in Buckhead as part of an possible $140 million acquisition, according to a report in trade publication Commercial Real Estate Direct. A $140 million offer for Atlanta Plaza would value the 631,808-square-foot office building at about $222 per square foot, which would be a bargain according to Atlanta real estate sources.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 10, 2017
Two Regency Lakeview Buildings in Cary, North Carolina
Merger/Acquisition
November 7, 2016
Quadrangle II, II, IV and V Buildings
Merger/Acquisition
August 11, 2016
Barrett Summit
 

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