Avison Young Atlanta Office Brokers Eleven-Year Lease for iResearch Atlanta, LLC in Decatur5 Sep 2018
Tenant to fill eighth floor of 250 E. Ponce in downtown Decatur
ATLANTA – September 5, 2018 – The Atlanta office of Avison Young today announced that it arranged an eleven year lease of approximately 13,440 square feet of Class A office space for iResearch Atlanta, LLC at 250 E. Ponce, a 141,582-square-foot office building located in the heart of downtown Decatur. The company will occupy the entire eighth floor of the building.
Kirk Rich, principal of Avison Young, represented the owner, The Dilweg Companies, in the lease transaction. Kevin Lynch of Keller Knapp, Inc. represented iResearch Atlanta, LLC, a multi-specialty clinical research center dedicated to making a difference through the study of new medications for mental health and medical illnesses.
“Finding a great location that was easily accessible for our employees and clients was extremely important during our search,” said Sara Castle, iResearch director of business operations and managing member. “Kirk Rich did a tremendous job working with us and our broker, Kevin Lynch of Keller Knapp Commercial to learn about our wants and needs while we were shopping for a new space. We’re looking forward to our move in early January 2019.”
Since taking over leasing at the property in August 2017, Avison Young and Dilweg have executed more than 55,000 square feet of new leases at the property.
“iResearch is one of many companies that recognize and appreciate the healthy mix of commercial, retail, restaurant and residential uses within the downtown Decatur commercial district,” said Rich. “The Decatur market continues to show positive momentum, and we expect activity to continue on an upward trajectory.”
The eight-story structure, built in 1962 and renovated in 2017 by Dilweg, offers 360-degree views of Midtown, Buckhead, downtown Atlanta and Stone Mountain. Presently 91 percent leased, 250 E. Ponce counts Wells Fargo, ELS Educational Service, Inc. and Emory among its tenants.
“We are extremely pleased to have iResearch call 250 E. Ponce their new home”, said Douglas McRae, director of asset enhancement at The Dilweg Companies. “This innovative company is exactly the type of user we had in mind when we planned our renovations.”
The Avison Young Atlanta team is supported by a full-service office that includes sales, marketing, leasing, property management and research teams. The firm currently manages more than 20 million square feet of property across the Atlanta region.
About Avison Young
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,600 real estate professionals in 84 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial, multi-family and hospitality properties.
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 $1.34 billion in assets and more than 11.1 million square feet throughout North Carolina, South Carolina, Virginia, Florida and Georgia. For more information, please call (919) 402-9100 or go to www.dilweg.com.