ATLANTA—Centennial Tower, a 652,092 square-foot office tower in Downtown Atlanta, just traded hands. Dilweg Companies, a commercial real estate investment and management firm based in Durham, NC, acquired the office asset from Jackson Corporate Real Estate.

Centennial Tower is a 36-story, class A office building in the heart of Downtown Atlanta at 101 Marietta Street. The office building sits one block from the nationally renowned Centennial Olympic Park.

“When it comes to the Atlanta office market, the aphorism 'a rising tide lifts all boats' is especially true for submarkets such as Midtown and Downtown,” Travis Deese, senior research analyst at CBRE Atlanta, tells GlobeSt.com. “Buckhead and Central Perimeter have led the pace for the Atlanta market with regards to dwindling vacancy and rising rents over the past 24 months.”