ATLANTA—Dilweg Companies snapped up The Pointe. The reported sale price: $46 million.

The Pointe sits in Central Perimeter's Northridge Road corridor—one of Atlanta's most affluent executive neighborhoods. The 418,000 square-foot, two-building, mid-rise office development is currently 66% occupied.

“Suburban office product proves to be a solid investment choice,” McCall King, CBRE senior research analyst, tells GlobeSt.com. “A recent report from CBRE Econometric Advisors projects continued rent growth for the North American suburban office market through 2018. Submarkets with high-quality amenities, such as Avalon or The Battery, and efficient buildings capable of handling denser employee layouts will likely perform best. The investor attraction is intensified in Atlanta as job and population growth increase.”