Landmark Properties, in a joint venture with Westlake Capital, has acquired Northcreek Office Park on Northside Parkway in Buckhead.
Landmark Properties will utilize some of the 536,547-square-foot, four-building campus as new office space for its growing Atlanta workforce while maintaining its headquarters in Athens, GA., and an existing executive office at Buckhead Plaza.
Westlake Capital is the family office of Landmark Properties’ Chairman and CEO Wes Rogers. It invests in multiple types of assets, including real estate, and continues to evaluate opportunities that provide sound, risk-adjusted returns. According to Rogers, part of the appeal is an opportunity to invest in the community he calls home.
“Landmark is not in the office business, but we prefer to own our own space, and this acquisition aligns well with what I’m looking to personally invest in,” said Rogers. “Most of Landmark’s corporate employees are still located in Athens, but we recently surpassed 100 corporate employees in the Atlanta area. This space not only supports growth in our current operations but also lays the foundation for future corporate expansion—most of which we anticipate happening in Atlanta. Northcreek’s location, quality, size, solid tenant base and attractive pricing—particularly in relation to replacement cost—make this a compelling investment.”
Regent Partners will also partner with Landmark on the acquisition, relocate its corporate office to the property, and continue to serve as the property manager and leasing agent.
