The Dilweg Companies finalizes lease deal that allows NBA franchise to consolidate operations, renovations to begin in October
The Dilweg Companies announced today a major lease expansion at 101 Marietta Street with NBA franchise and long-time tenant the Atlanta Hawks that marks the latest victory for an office building that has emerged as a new hub of innovation and energy in Downtown Atlanta. The new multi-year agreement represents three full floors totaling 53,865 square foot of premium office space, and will allow the team to consolidate all of its front-office operations just two blocks from State Farm Arena after a recent hiring expansion that included the addition of the club’s NBA G League affiliate, the College Park Skyhawks.
Beginning in October, the Hawks will renovate each of their three floors to deliver a new series of updated workspaces to reflect the organization’s brand and culture, strengthen employee connectivity, and allow the club to attract and retain top talent. Highlights include a new employee lounge and break room that will contain a full-service kitchen with a mix of seating, break-out spaces, flat-screen televisions and several other tech-infused amenities. Other plans include revamped offices for the Hawks sales team that will feature a variety of sales and training areas, open-floor layouts, socializing areas as well as a new coffee bar to welcome employees and guests in the reception area.
All of the planned improvements by the Hawks will help to streamline the organization and encourage employees to move across the floors and interact across departments on a daily basis.
“Physical spaces matter, and we believe 101 Marietta Street offers the right location, views and floor plates to allow the Hawks to build thriving team member culture that will enhance our community and capabilities as we enter our next decade of growth,” said Thad Sheely, Chief Operating Officer of the Atlanta Hawks & State Farm Arena.
The new offices will expand the Hawks presence to three full floors to support their ever-evolving business.
“101 Marietta Street is a new creative hub for companies seeking to cultivate a positive work culture and generate meaningful business results,” said Jerry Banks, Managing Director at The Dilweg Companies. “We are thrilled to grow our relationship with the Hawks as they deepen their roots in one of Atlanta’s fastest-growing office communities. The pace of change happening at 101 Marietta Street is rapid and invigorating, and we anticipate sharing more news on our leasing momentum in the months ahead.”
The Dilweg Companies has executed more than 171,000 square feet of new and expanded leases at 101 Marietta Street over the last 12 months. The building is currently 82 percent leased and includes notable tenants such as WeWork, Steady, Cogeco Peer 1, The Associated Press, CH Robinson, NAGRA/Kudelski Group, 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.
Chris Port and Kyle Kenyon with CBRE represented the owner. John Dolan with CBRE represented the tenant.
Recent improvements at 101 Marietta include a state-of-the-art lobby that features a life-size, two-way virtual window offering real-time views of the streetscape and building interior, along with restaurant-style booths and collaborative workspaces. Revelator Coffee, a regional coffee roaster and retailer known for its commitment to quality products and community-driven customer experiences, opened its newest Atlanta location in the reenergized lobby last fall.
101 Marietta Street offers convenient access to three separate MARTA train stations, and is also in close proximity to several shopping and dining venues in the heart of Downtown Atlanta, including SkyLounge and White Oak Kitchen. The building 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.
About The Dilweg Companies
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 $1.74 billion in assets and more than 11.6 million square feet throughout North Carolina, Georgia, Florida and Tennessee. For more information, please call (919) 402-9100 or go to www.dilweg.com.
About The Atlanta Hawks
With a bold identity and strong new ownership, the Atlanta Hawks Basketball Club and State Farm Arena remain committed to making Atlantans proud on the court and off. 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 2019-20 regular season, 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 and Instagram @ATLHawks.
