Cushman & Wakefield Arranges $17.4M Multifamily Sale for Hamilton Point Investments LLC

CHARLOTTE, North Carolina, March 29, 2018 – Cushman & Wakefield has arranged the $17.35 million sale of Cushendall Commons, a 168-unit multifamily community located in Rock Hill, South Carolina. Watson Bryant, Paul Marley and Jordan McCarley of Cushman & Wakefield represented the seller, Hamilton Point Investments LLC, in the transaction. Triangle Real Estate of Gastonia Inc. acquired the property. “Rock Hill is a great market and I’m confident the buyer, who was a pleasure to deal with, will do well with this investment,” said Matthew Sharp, Co-Founder and Managing Principal of Hamilton Point Investments LLC. “The Cushman & Wakefield team came through for us, as always, and stewarded an annoyance-free transaction.” Cushendall Commons offers one-, two- and three-bedroom floor plans with walk-in closets, private balconies and oversized windows. Amenities include a state-of-the-art fitness center, resort-style pool, business center and a DVD library. “Hamilton Point Investments and Cushman & Wakefield made [...]

2018-05-03T19:45:07+00:00 March 29th, 2018|In the News|

Cushman & Wakefield Arranges $27M Sale for Artesia Real Estate

CHARLOTTE, North Carolina, March 21, 2018 – Cushman & Wakefield has arranged the $27 million sale of Oaks at Northgate & Leon Court, two multifamily properties totaling 386 units in Durham, North Carolina. Watson Bryant, Jordan McCarley and Paul Marley of Cushman & Wakefield represented the seller, Artesia Real Estate, in the transaction. “The sale of Oaks at Northgate & Leon Court is a tremendous success for our firm and we are confident that the asset is primed for the new owners to roll out their business plan,” said Colin Brothers, Principal and Owner of Artesia. “We’re very pleased with our team’s execution on the assets and look forward to continuing our investing in Raleigh-Durham.” In the past two years, Artesia spent $1 million in capital on an expansive list of improvements, including roof replacement, exterior paint, office/clubhouse rebuild, outdoor common area upgrades, and extensive landscaping. Amenities include a clubhouse [...]

2018-05-03T19:45:07+00:00 March 21st, 2018|In the News|

Cushman & Wakefield Represents Spot Freight in New South End Lease

CHARLOTTE, NC, March 7, 2018 – Cushman & Wakefield’s Charlotte Tenant Representation team has advised Spot Freight, a third-party logistics and technology company, in securing new space in historic South End. Cushman & Wakefield Director John Christenbury and Senior Associate Christianna Williams represented Spot Freight in the approximately 8,400-square-foot leasing transaction at 1300 South Mint Street. Spot Freight will occupy as of April 1st, and intends to hire up to 60 employees initially. It specializes in freight brokerage and management as well as customized logistics solutions. “Spot Freight’s location in the heart of South End is close to several amenities, and the light rail should pave the way for excellent talent recruitment and retention for years to come,” Christenbury said. Added Williams, “Spot Freight wanted a space that would showcase and enhance their vibrant culture as they continue to grow, and this space accomplished that.”

2018-05-03T19:45:07+00:00 March 7th, 2018|In the News, Press Release|

Cushman & Wakefield Represents Ownership in Sale of Class A Office Asset

CHARLOTTE, NC, January 31, 2018 – Cushman & Wakefield announced today that it has negotiated the sale of the Daimler Building, a 150,164-square-foot, three-story office building in Fort Mill, SC. Cushman & Wakefield Managing Director Rob Cochran, Director Jared Londry and Associate Nolan Ashton, and Campbell Walker and Ridr Knowlton of Lincoln Harris represented the seller. The buyer, Cantor Fitzgerald, acquired the asset for $40 million, or $266 per square foot. The Daimler Building is a 100% leased, Class A office building located in Fort Mill, 20 minutes from the Charlotte CBD. Daimler Trucks North America, a wholly owned subsidiary of Daimler AG, is the sole tenant. Daimler has occupied the building since 2008 when it was constructed. The building features expansive windows, high-end finishes and 50,000-square-foot floor plates. Located in the burgeoning Fort Mill community, the Daimler Building offers easy accessibility to Charlotte and Daimler’s manufacturing facilities throughout the [...]

2018-05-03T19:45:07+00:00 February 28th, 2018|In the News|

Cushman & Wakefield Represents Gold Properties in Wilmington, North Carolina, Multifamily Sale

CHARLOTTE, North Carolina, February 27, 2018 – Cushman & Wakefield has arranged the sale of The Preserve at Pine Valley, a 219-unit apartment community located in Wilmington, North Carolina. Watson Bryant, Paul Marley and Jordan McCarley of Cushman & Wakefield represented the seller, Gold Properties, in the transaction. “The Preserve at Pine Valley is a well-maintained asset in one of South Wilmington’s strongest submarkets,” Bryant said. “The property has always maintained strong occupancy and provides the new owners an opportunity to renovate interiors, taking advantage of Wilmington’s impressive population growth.” The Preserve at Pine Valley, built in 1976, includes a swimming pool, tennis courts, dog park, playground and a car care center. Wilmington boasts one of the healthiest secondary markets in the nation anchored by recession-resilient jobs in education, healthcare and government. With more than $500 million in recently announced developments, the city is predicted to grow into a powerhouse [...]

2018-05-03T19:45:07+00:00 February 27th, 2018|In the News|

Cushman & Wakefield Represents Target Investments LLC in Sale of 1406 Winnifred Street in Charlotte’s South End

CHARLOTTE, NC, February 22, 2018 – Cushman & Wakefield announced today that it has represented locally based Target Investments LLC in the sale of 1406 Winnifred, a 25,543-square-foot, one-story office/retail building in Historic South End. Cushman & Wakefield’s Sam Young, David Hoppe, Rob Cochran, Jared Londry and Nolan Ashton represented the seller. The buyer, The Dilweg Companies, acquired the asset for $5.7 million, or $223 per square foot. 1406 Winnifred consists of 1.722 acres on three parcels in one of Charlotte’s busiest submarkets, Uptown/South End. The property is currently leased to a mix of service-oriented, retail and food preparation tenants. The asset is surrounded by over 5,500 multi-family units, 2.6 million square feet of office and 739,000 square feet of planned or under construction projects. Located just two blocks from a Lynx station and one mile from Charlotte Center City, the property offers access to an abundance of amenities and [...]

2018-05-03T19:45:07+00:00 February 23rd, 2018|In the News|

Cushman & Wakefield research chief on how Charlotte market stays hot

Not too hot, not too cold — just like the porridge in "Goldilocks and the Three Bears." That's how Revathi Greenwood, Americas head of research at Cushman & Wakefield, describes the current U.S. economy. Greenwood spoke at the 11th annual Outlook on the Commercial Real Estate Market, an event co-sponsored by Katten Muchin Rosenman and Cushman & Wakefield, on Thursday evening about current economic conditions, how they are impacting commercial real estate and what the outlook is for Charlotte's real estate market this year. Greenwood noted that geopolitical events today are very uncertain, with "a new curveball" thrown out every day. But, she said, the world economy will chart its own course, despite those uncertainties. The question on everybody's mind: When will the next recession occur? "All of us know this is tracking to be the longest expansion we’ve ever had," Greenwood said. "We don’t see a recession happening for [...]

2018-05-03T19:45:07+00:00 January 12th, 2018|In the News|

Cushman & Wakefield Represents Little Diversified Architectural Consulting in HQ Relocation

Architecture Firm will Relocate to 615 S. College Street CHARLOTTE, NC, January 9, 2018 – Cushman & Wakefield’s Charlotte Tenant Representation team has represented Little, Charlotte’s largest architecture firm, in securing new office space in Uptown Charlotte. Cushman & Wakefield Senior Director Keith Bell, CCIM, SIOR and Director John Christenbury represented Little in the approximately 60,000-square-foot leasing transaction at Portman Holding’s 615 S. College Street project, which was recently completed. The architecture firm is moving its Charlotte headquarters from 5815 Westpark Drive, which it occupied for the past 30 years. Little has grown its office in Charlotte from 40 employees occupying a single, small office to now employing over 200 locally. Bell and Christenbury took that incredible growth into consideration when assisting the firm in finding a new place to call home. After looking at possible sites in Midtown, SouthEnd, Uptown, NoDa and North End, Little selected Portman Holding’s 615 [...]

2018-05-03T19:45:08+00:00 January 9th, 2018|In the News|

Cushman & Wakefield and Katten Announce Panelists for 2018 Outlook on the Commercial Real Estate Market

(Charlotte, N.C.) – Katten and Cushman & Wakefield announced today the panelists for its 11th Annual Outlook on the Commercial Real Estate Market, which offers the Charlotte business community an opportunity to discuss real estate issues facing the industry in 2018. The free, invitation-only event is Thursday, January 11 in uptown Charlotte. "For more than a decade, we have offered the Charlotte business community an opportunity to discuss real estate issues facing the industry in the New Year," said Dan Huffenus, event moderator and Katten's Charlotte Managing Partner and Real Estate Practice Head. "This year, we look forward to addressing the current economic cycle and its impending effect on Charlotte and the surrounding areas as well as the potential impact of recent tax and regulatory reform." Speakers and panelists will include Cushman & Wakefield's Revathi Greenwood, Americas Head of Research, and Marc Robinson, Vice Chair, as well as John "Johno" [...]

2018-05-03T19:45:08+00:00 January 8th, 2018|In the News|

Cushman & Wakefield Negotiates Lease for U.K. Food Giant Bakkavor

CHARLOTTE, NC, December 13, 2017 – Cushman & Wakefield announced that Bakkavor signed a nine-year sublease for 55,000 square feet as the newest tenant at Ridge Creek West Industrial Park in Charlotte. Ridge Creek West is a three-building park located at 10220 Western Ridge Road that totals 810,000 square feet. Andrew DeLamielleure and Matt Treble of Cushman & Wakefield represented the tenant, Bakkavor. Matt Harper of Childress Klein represented the landlord and the sublandlord in conjunction with Jim Vann of Moody Rambin. “We are excited for Bakkavor and this location,” said DeLamielleure. “The company intended to wait until 2018 for this facility, but with some creativity and the help of Childress Klein, we were able to secure a location that was able to accommodate the requirement today.” Bakkavor is expanding its presence in the U.S., and this facility will manufacture specialty breads. Bakkavor products are already available in three Charlotte-area [...]

2018-01-16T16:24:27+00:00 December 13th, 2017|In the News|