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Cushman & Wakefield Arranges $23.35M Sale for MAS Broken Arrow

Apartment Community Sells for $108,127 Per Unit Cushman & Wakefield has arranged the $23.35 million sale of Heron Lake, an apartment community located in Columbia, South Carolina. Tai Cohen, Jordan McCarley and Marc Robinson of Cushman & Wakefield represented seller, MAS Broken Arrow, in the transaction. Collins Group acquired the property. “We are excited by our first South Carolina purchase and appreciate the support from Cushman & Wakefield,” said David Parnes, Senior Vice President at Collins Group. “We look forward to yet another successful value-add implementation on Heron Lake.” With attractive, low-maintenance brick and Cementitious fiberboard exteriors, Heron Lake is a high-quality asset in the booming Columbia MSA. Amenities include bike storage, car care center, fitness center, pool, sand volleyball courts and a pet park. “Heron Lake residents enjoy seamless access to premier retail and employment centers,” Cohen said. “Sitting in the heart of northern Richland County’s path of growth [...]

2019-06-19T09:23:16-04:00June 19th, 2019|In the News|

Cushman & Wakefield Arranges 10,900-Square-Foot Lease for Garfinkel Immigration Law Firm

SouthPark Towers I Law Firm to Expand Lease in SouthPark Towers Cushman & Wakefield has arranged a 10,900-square-foot lease renewal and expansion for Garfinkel Immigration Law Firm at SouthPark Towers I in Charlotte’s SouthPark submarket. Tenant Representative Specialist Keith Bell CCIM, SIOR, of Cushman & Wakefield represented the tenant in the lease negotiations and Anne Vulcano and Stephanie Spivey of CBRE represented the landlord, CSHV SouthPark, LLC. “We pull talent from a wide geographic radius, so the central location and accessibility are key, as is the diversity of retail and restaurant options all around us,” said Steve Garfinkel, Managing Partner of Garfinkel Immigration Law Firm. “We appreciate that we have room to grow here. Our staff will grow to more than 50 professionals this year, and we anticipate additional growth in the future.” Garfinkel Immigration Law Firm is leveraging the opportunity in the lease renewal to expand and modernize the [...]

2019-06-12T10:30:02-04:00June 12th, 2019|In the News|

Cushman & Wakefield Arranges Sale of Quail Plaza for TriGate Capital

Five-Story Office Building is Currently 89% Leased Cushman & Wakefield has arranged the sale of Quail Plaza, a five-story, 89,760-square-foot office building located in Charlotte, North Carolina. Jared Londry, Rob Cochran, and Nolan Ashton of Cushman & Wakefield represented the seller, TriGate Capital, in the transaction. Adler Real Estate Partners acquired the property. “TriGate Capital invested significant capital into Quail Plaza to make it a competitive option for office tenants seeking Class A office space in an in-town location,” Londry said. “Office tenants have become more fluid between South Charlotte, Ballantyne, and SouthPark as rates have increased across the city, positioning newly renovated assets like Quail Plaza as a compelling option if and when space becomes available.” During the last five years, the South Charlotte submarket has experienced strong rent growth with office rates jumping as much as 50% for renovated assets as the market continues to tighten and options [...]

2019-06-03T16:40:34-04:00June 3rd, 2019|In the News|

Cushman & Wakefield Arranges $41M Multifamily Sale for McCall Capital

Enclave Blythewood Sells for $106,771 Per Unit Cushman & Wakefield has arranged the $41 million sale of Enclave Blythewood, a 384-unit apartment community located In Blythewood, South Carolina. Tai Cohen, Watson Bryant and Jordan McCarley of Cushman & Wakefield represented the seller, McCall Capital, in the transaction. Southwood Realty/Triangle Real Estate acquired the property, which has been renamed The Palisades of Blythewood. “Offering a high-quality asset at an attractive basis in one of Columbia’s most rapidly expanding submarkets, Enclave Blythewood presents new ownership with strong operational momentum and a multi-layer value-add program to immediately boost revenue,” Cohen said. Enclave Blythewood, built in two phases in 2008 and 2015, is ideally positioned in north Richland County's expanding economic core, with 2,600 jobs within two miles and 1,825 additional jobs announced in the same region since April 2017. Cushman & Wakefield’s Southeast Multifamily Advisory Group ranked No. 1 in market share in [...]

2019-05-29T10:44:57-04:00May 30th, 2019|In the News|

Cushman & Wakefield Arranges $19.28M Multifamily Sale

Commons at Fort Mill Sells for $133,888 Per Unit Cushman & Wakefield has arranged the $19.28 million sale of Commons at Fort Mill, a 144-unit apartment community located in Fort Mill, South Carolina. Watson Bryant, Jordan McCarley and Brooks Colquitt of Cushman & Wakefield represented the seller, Cedar Grove SC III, LLC, in the transaction. Rincon Partners acquired the property. Commons at Fort Mill represents the first entry into the Southeast for Rincon Partners. “Rincon targets properties that are undermanaged or in need of significant capital expenditures to maximize their value,” said Carson Hammer of Rincon Partners. “The Fort Mill area is one of the top-performing economies of the Charlotte MSA and has experienced rapid and broad-based population growth and job creation for the past several years. It is expected to continue to outperform.” Delivered in 2009, Commons at Fort Mill is located in the heart of the thriving Rock [...]

2019-05-08T14:54:46-04:00May 10th, 2019|In the News|

Cushman & Wakefield Arranges $12.6M Sale for Stream Realty Partners

69,831-Square-Foot Forest Park VI Fully Leased to Four Tenants   Cushman & Wakefield has arranged the $12.6 million sale of Forest Park IV, a 69,831-square-foot, fully leased office building located in Charlotte, North Carolina. Rob Cochran, Jared Londry and Nolan Ashton of Cushman & Wakefield represented the seller, Stream Realty Partners, in the transaction. Highland Ventures acquired the property.  Forest Park VI is a Class A, single-story office building featuring high-density parking and work areas. The building is located at 8215 Forest Point Boulevard, near the interchange of Interstate 77 and Interstate 485, within the highly regarded Forest Park development. Forest Park is comprised of eight attractively designed office buildings as well as several hotels and restaurants.   “Forest Park has historically been dominated by high-density, single-tenant office users,” Ashton said. “Stream did a fantastic job repositioning Forest Park VI into a multi-tenant office building to accommodate mid-size office users who previously had limited options in Forest Park. The stable rent roll, extensive base-building capital improvements [...]

2019-04-15T10:19:44-04:00April 15th, 2019|In the News|

Cushman & Wakefield Secures Sale of 1-Acre Land Parcel

Prime Corner Site Located in Charlotte’s SouthPark Submarket Cushman & Wakefield has arranged the sale of 22,000-square-foot office building on a 1-acre land parcel at 6200 Fairview Road in Charlotte, North Carolina’s SouthPark submarket. Rob Cochran, Jared Londry and Nolan Ashton of Cushman & Wakefield represented the seller, Bridge Investment Group, in the transaction. BC-Fairview, LLC acquired the site. The site is leased to Bank of America and is located at the heavily traveled intersection of Fairview Road and Barclay Downs Road. The tenant has been operating at this site since 1966. “Given its location directly across the street from the SouthPark Mall and the tenant’s credit, this opportunity attracted a large group of investors looking for a combination of a secure short-term yield and long-term value in this well-located site,” Cochran said. About Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm [...]

2019-04-04T14:55:49-04:00April 8th, 2019|In the News, Press Release|

Cushman & Wakefield Fully Pre-Leases 41,697 SF at 150 Providence

Undisclosed Company to Occupy First and Second Floors, Bringing Building to 100% Pre-Leased CHARLOTTE, North Carolina, March 28, 2019 – Cushman & Wakefield has arranged a 26,479-square-foot lease for two floors at 150 Providence, a new 41,697-square-foot boutique office building in Myers Park. Jessica Brown and David Dorsch of Cushman & Wakefield represented the landlord, Bucci Development, in the lease negotiations and Jubal Early of Lincoln Harris represented the tenant. “We are extremely delighted to have this building 100% pre-leased and to have two top-tier tenants in their respective businesses,” said Brian Bucci, landlord and owner. “We are long term investors and developers and these are long term businesses wanting to contribute to the Charlotte business community.” As announced last summer, American Security Mortgage will occupy the entire third floor comprising 15,218 square feet. Construction is scheduled to be completed in March 2020 with Edifice as the contractor. BB+M is [...]

2019-04-01T14:22:53-04:00April 2nd, 2019|In the News|

Brokers Honored by Charlotte Region Commercial Board of Realtors

Several brokers from Cushman & Wakefield’s Charlotte office were recently honored by the Charlotte Region Commercial Board of Realtors (CRCBR). The CRCBR Deal Makers Awards Program recognizes brokers and developers who have accumulated sales transactions of over $2 million. The company took the top honors for Office Top Producer, with Keith Bell at No. 1 and John Christenbury at No. 2, as well as Industrial Top Producer, Mike Kemmet, at No. 1. The firm also had two winners in Investment Top Producer, with Marc Robinson and Jordan McCarley tied at No. 3. Top brokers are recognized in the categories of office, industrial, retail, land sales, and investment. The firm had several brokers recognized at the Platinum level with sales over $15 million. These include Nolan Ashton, Keith Bell, John Christenbury, Rob Cochran, Mike Kemmet, Jared Londry, Marc Robinson, and Jordan McCarley. Additionally, Zach McLaren was recognized at the Silver level [...]

2019-03-29T11:41:00-04:00March 29th, 2019|In the News|

Cushman & Wakefield Arranges $14.4M Sale for Tribute Properties

North Carolina Apartment Community Sells for $94,736 Per Unit CHARLOTTE, North Carolina, March 21, 2019 – Cushman & Wakefield has arranged the $14.4 million sale of Deerbrook, a 152-unit apartment community located in Wilmington, North Carolina. Watson Bryant, Jordan McCarley and Paul Marley of Cushman & Wakefield represented Tribute Properties, the seller in the transaction. Cohen Investment Group acquired the property. “The Deerbrook transaction is a great example of our company buying value-add multifamily real estate below replacement cost,” said Hugh D. Cohen, President of Cohen Investment Group. “Adding this property to our growing portfolio is exciting on various levels including our entrance into the Wilmington market. Each acquisition we do possesses its own individual business plan, and we plan on capitalizing on ours quickly.” Built in 1999, Deerbrook features a clubhouse and swimming pool with an outdoor kitchen and sundeck. It offers a diverse unit mix with vaulted-ceiling, loft [...]

2019-03-21T13:39:20-04:00March 21st, 2019|In the News|