The CPMG method has been long applied for multi-component T2 studies which have been shown to reveal the micro-anatomical compartmentation of water in biological tissue. A new method for localized CPMG acquisitions that makes use of the Stimulated Echo Acquisition Mode technique is presented. Besides offering localized T2-relaxation data within less than 10 s, the method is suited for performing Diffusion-Relaxation-Correlation-Spectroscopy studies. Such studies allow evaluating the translational diffusion of the different T2-compartments observed in vivo and shall offer new insights on diffusion and relaxation processes in biological tissues. The method has been validated in vitro.