Landmark Properties, a fully-integrated Athens-based real estate firm specializing in high-quality residential communities, in a joint venture with Westlake Capital, announced today the acquisition of Northcreek Office Park, a 536,547-square-foot, four-building Class-A office campus located in Buckhead.

In a strategic move to support its expanding operations, Landmark Properties will utilize some of the new office space to accommodate 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.”

Northcreek Office Park is located in Buckhead’s West Paces Ferry corridor at 3715 Northside Parkway. Extensively renovated from 2003 to 2009, the property is ideally positioned in the heart of Atlanta’s most affluent neighborhood with convenient access to I-75 and I-285.

The campus is situated on a 39.9-acre site with four office buildings and currently has a roster of over 70 tenants. Additionally, the property continues to see a high level of leasing interest with over 100,000 square feet of executed and pending leases over the past year. Northcreek is easily walkable to several newly delivered retail offerings, including Little Rey, Beechwood Tavern, the Daily and PACE Fitness. This retail is not included in the acquisition and will remain under current ownership. The campus features a host of on-site amenities including a café, conference and meeting facility, fitness center and 24/7 security with card-key access. As part of the acquisition, Landmark plans to refresh and revitalize the common areas within Northcreek Office Park to further enhance tenant amenities and create a more vibrant working environment.

“Regent Partners is excited to partner with Landmark and Westlake at Northcreek,” said David Allman, Chairman and CEO of Regent Partners. “It’s a special asset offering a fully amenitized project, located in the heart of Buckhead, yet with ease of parking and access. The fresh capital infusion, combined with local and onsite ownership, leasing and management will provide the customers of Northcreek with an unparalleled hospitality experience.”

Regent will partner with Landmark on the acquisition, relocate its corporate office to the property and continue to serve as the property manager and leasing agent. Richard Reid at Jones Lang LaSalle represented the seller on the transaction. The sales price was not disclosed.