Carolina’s PDS Team Completed 70,000 SF Charter High School

Charlotte Project & Development Services (PDS) team member Lexee Zutz with support from Carolina’s Senior Managing Director Andrew Laing and Assistant Project Manager Summerlin Gillam recently completed a 70,000 square foot charter high school for Corvian Community School. A new ground-up building, it was constructed in 13 months on a densely wooded 10 acre site. This state-of-the-art school consists of sixteen classrooms plus science rooms, an innovation robotics lab and an art wing with small group seminar breakout spaces spread throughout the corridors. Each classroom and lab has large windows positioned for direct views to the surrounding natural areas and a dining patio provides a space for students to be outside during the school day. A two-story multi-purpose dining space with a grand staircase was designed to allow auditorium seating and an area for students to study and collaborate. The regulation size gym includes six motorized retractable basketball goals, two [...]

2018-11-13T09:01:55+00:00 November 13th, 2018|In the News|

Cushman & Wakefield Arranges $37.5M Sale for The Sterling Group

CHARLOTTE, North Carolina, November 12, 2018 – Cushman & Wakefield has arranged the $37.5 million sale of The Reserve at Magnolia Ridge, a 360-unit apartment community located in Cary, North Carolina. Watson Bryant, Paul Marley and Marc Robinson of Cushman & Wakefield represented the seller, The Sterling Group, in the transaction. DASMEN Residential acquired the property. “We were fortunate to invest in this value-add opportunity in an incredibly strong market,” said Larry Swank, CEO of Sterling Group. “We believe DASMEN Residential will continue to experience strong demand for the upgraded product and benefit from the overall capital investment accomplished throughout our hold period.” DASMEN plans to rebrand the property as Aurella Cary and renovate apartment interiors including the addition of quartz countertops and other best-in-class unit finishes. The company plans to create a DASMEN “resort experience” for its residents by renovating the resident clubhouse as well as pool, tennis court, [...]

2018-11-12T14:56:18+00:00 November 12th, 2018|In the News|

Cushman & Wakefield Represents TWO Capital Partners in Sale of Greenville Office Campus

CHARLOTTE, NC, November 7, 2018 – Cushman & Wakefield announced today that it has negotiated the sale of Harbinger, a 162,962-square-foot, three-building office portfolio in Greenville, SC. Cushman & Wakefield Managing Director Rob Cochran, Director Jared Londry and Associate Nolan Ashton represented the seller, TWO Capital Partners, LLC. The buyer CCP Commercial Real Estate, LLC, acquired the asset for $22 million. The 93% leased office campus is located at the Interstate 385 and North Pleasantburg Drive interchange, minutes from Downtown Greenville. Originally constructed in 1982, the Class A office campus was fully repositioned in 2017 and 2018, with nearly $3.5 million invested in building enhancements including improved building systems, an on-site fitness center and refreshed exterior that make Harbinger a best-in-class suburban asset. “We simply listened to our customers, existing and prospective tenants, to understand what was wanted in today’s office setting. They told us what they wanted, and we [...]

2018-11-07T11:38:12+00:00 November 7th, 2018|In the News|

Cushman & Wakefield to Relocate Charlotte Office to 300 South Tryon

Relocation and Expansion into Spectrum and Barings’ New Uptown Office Tower Fosters Collaboration and Industry-leading Culture CHARLOTTE, October 19, 2018 – Cushman & Wakefield announced today that the firm has leased approximately 16,000 square feet at 300 South Tryon, a mixed-used development in Charlotte’s Uptown Submarket developed by The Spectrum Cos. in a joint venture with Barings.   Cushman & Wakefield’s Keith Bell, John Christenbury and Brett Gray represented the firm in negotiations for its new Class A space, while Maxwell Hanks of Spectrum represented ownership. Cushman & Wakefield’s Andrew Laing and Camille Farkas will lead project management for the firm’s office buildout at 300 South Tryon. Cushman & Wakefield plans to relocate to 300 South Tryon in the first quarter of 2019 and consolidate Charlotte personnel into the 11th floor of the 638,000-square-foot office tower. Cushman & Wakefield’s Charlotte Valuation & Advisory offices will remain in the SouthPark submarket. [...]

2018-10-15T10:20:13+00:00 October 19th, 2018|In the News|

Cushman & Wakefield Arranges $19.8M Multifamily Sale for Beauxwright

North Carolina Apartment Community Sells for $204,000 Per Unit CHARLOTTE, North Carolina, October 9, 2018 – Cushman & Wakefield has arranged the $19.78 million sale of Beaucatcher Flats, a 97-unit apartment community located in Asheville, North Carolina. Jordan McCarley, Marc Robinson and Watson Bryant of Cushman & Wakefield represented the seller, Beauxwright, in the transaction. Chaucer Creek Capital acquired the property. “Beaucatcher Flats is uniquely located just outside of Asheville’s vibrant downtown and adjacent to Mission Hospital, one of the largest employers in the region,” Chris Warren, Principal of Beauxwright, said. “We were fortunate to build on a premier development site with incredible views, and we believe the Chaucer Creek team will continue to experience strong demand for this community.” Serving as Urban Asheville’s premier upscale multifamily community, Beaucatcher Flats is located less than one mile from Downtown at one of Asheville’s highest elevation points providing picturesque mountain views. Amenities [...]

2018-10-09T14:24:06+00:00 October 10th, 2018|In the News|

Matthew Bowen Joins Cushman & Wakefield in Charlotte as Managing Director

Top-producing Office Broker Brings More than a Decade of Tenant Representation Experience to Cushman & Wakefield CHARLOTTE, October 1, 2018 – Cushman & Wakefield announced today that Matthew Bowen has joined the firm’s Charlotte office as Managing Director, specializing in office tenant representation. Bowen has more than 10 years of experience in representing office tenants in negotiations for lease renewals, expansions, relocations and dispositions, both subleases and sales, throughout the Carolinas. Notable clients include Cardinal Financial, UBS Financials Services and Charter Communications. “Matt is not only a top-producing broker in our region but an ideal cultural fit for our Charlotte team,” said Brett Gray, Cushman & Wakefield Charlotte Managing Principal. “He is a proven leader in our field who has differentiated himself by providing exceptional client services.” Added Bowen, “Cushman & Wakefield is one of the most exciting organizations in commercial real estate, offering an industry-leading platform to best serve [...]

2018-10-02T12:25:34+00:00 October 2nd, 2018|In the News|

Cushman & Wakefield Closes Sale of Carolinas Point Buildings in Fort Mill, SC

CHARLOTTE, NC, August 7, 2018 – Cushman & Wakefield announced that it has represented Investments East, LLC in the $2.9 million sale of two (2) Industrial/flex buildings in Carolinas Point totaling 38,600 square feet. The buildings are located at 3650 Centre Circle and 3645-3659 Centre Circle Drive in Fort Mill, SC, and were 100% occupied at the time of the sale. Charlie Ripple of Cushman & Wakefield represented the seller, and Brian Smith of Regent Commercial Real Estate represented the buyer. Carolinas Point is an industrial/flex park located in the Fort Mill, SC, submarket. The park’s location near the intersection of Carowinds Boulevard and Interstate 77 makes it an ideal location for companies looking for interstate accessibility and proximity to numerous amenities. The tenants include a mix of local and regional companies, including National Coatings and Supply, Performance Link Technologies and 1800 Radiator.   About Cushman & Wakefield Cushman & [...]

2018-08-07T09:40:50+00:00 August 7th, 2018|In the News|

Cushman & Wakefield Arranges $33M Multifamily Sale

CHARLOTTE, North Carolina, July 27, 2018 – Cushman & Wakefield has arranged the $33.1 million sale of Fountains at Mooresville Town Square, a 227-unit apartment community located in Mooresville, North Carolina. Jordan McCarley, Marc Robinson and Watson Bryant represented the seller in the transaction. RST Development acquired the property. “The acquisition of The Fountains at Mooresville Town Square continues our portfolio expansion into the metro Charlotte market,” said Scott Copeland, Principal of RST Development. “The community offers a prime location, quality construction and high-end demographics that fit our strategic vision and investment criteria.” Built in 2012, Fountains at Mooresville is within the Mooresville Town Square, offering 122,000 square feet of mixed-use development located along Brawley School Road and Williamson Road. Amenities include a saltwater swimming pool, fitness facility, demonstration kitchen with a dining room, billiards room, a fenced-in dog park and more. Mooresville is home to several corporate headquarters including [...]

2018-07-27T11:34:39+00:00 July 27th, 2018|In the News|

Cushman & Wakefield Represents Buyer in Purchase of Shopton Ridge V

CHARLOTTE, NC, July 11, 2018 – Cushman & Wakefield announced that it has represented Dellner in the $4.6 million purchase of Shopton Ridge V, a 56,375-square-foot industrial building located at 4016 Shutterfly Road in Charlotte, NC. Charlie Ripple of Cushman & Wakefield represented the buyer and Terry Brennan of Trinity Partners represented the seller. The buyer, Dellner, acquired the asset in shell condition for $82 per square foot.  Dellner is a Europe-based company making a long-term commitment to Charlotte. Cushman & Wakefield led a two-year search exploring several expansion and relocation options before ultimately deciding on Shopton Ridge V. New construction, modern design, and room to expand their manufacturing and assembly business made Shopton Ridge V the ideal location. The purchase of this facility will allow Dellner the opportunity to offer more service lines to their existing customer base, hire additional employees, and expand their product offerings to new customers. About Dellner [...]

2018-07-17T08:50:27+00:00 July 17th, 2018|In the News|

1420 Magnolia Apartment Community Sells for $191,176 Per Unit

CHARLOTTE, North Carolina, June 22, 2018 – Cushman & Wakefield has arranged the $39 million sale of 1420 Magnolia, a 204-unit apartment community located in Charlotte, North Carolina. Jordan McCarley, Watson Bryant and Marc Robinson of Cushman & Wakefield represented the seller, Estates & Companies, in the transaction. Hudson Capital Properties acquired the property. “1420 Magnolia was a unique opportunity to acquire an extremely well-located, infill community that has tremendous value-add potential,” McCarley said. “The property is positioned in the epicenter of Montford Park, an area exploding with new commercial development and characterized by blue-chip demographics and access to Charlotte’s premier employment hubs.” “Cushman & Wakefield’s team, especially Jordan McCarley, represented our team with dignity and transparency while delivering a successful transaction for all parties involved,” said Matt Mundy, Development Manager at Estates Management Company. 1420 Magnolia, built in 1999, offers a best-in-class amenity package including a car care center, [...]

2018-06-20T11:02:41+00:00 June 22nd, 2018|In the News|