Dewberry Buys Crucial Corner Parcel

ATLANTA-With the purchase of a 14,000-sf parcel at the corner of 10th and Juniper Streets, Dewberry Capital president and owner John Dewberry completes a four-year assemblage of a prime Downtown block in the city.

Dewberry bought the property from longtime Atlanta retailer Charles Walker and his Herschel Harrington Scenic and Lighting Studio for an undisclosed price. Area land brokers tell GlobeSt.com the estimated value of the deal is $500,000, based on recent deals that have closed for about $35 per sf. That equates to a one-acre price of $1.53 million.

Dewberry now owns the block bordered by Peachtree, 10th, Juniper and 11th Streets. He bought most of the block in December 1999. He and his brother Douglas, co-founders of 14-year-old Dewberry Capital, plan a mixed-use venture on the site, area brokers who had previously tried to assemble the block, tell GlobeSt.com.