Cushman & Wakefield Completes $39M Sale of CompuCom World Headquarters for The Keith Corporation and MPV Properties

Headquarters Building Houses Largest Employee Computer Tech Workforce in North America CHARLOTTE, North Carolina, Jan. 3, 2019 – Cushman & Wakefield’s Charlotte Capital Markets team has arranged the $39 million sale of CompuCom’s World Headquarters, a 150,000-square-foot building located in Fort Mill, South Carolina. Rob Cochran, Jared Londry and Nolan Ashton of Cushman & Wakefield represented the seller, The Keith Corporation and MPV Properties, in the transaction. The property was acquired by Capital Square 1031, a sponsor of Delaware statutory trust offerings, which was represented by Matt Bear of Bear Real Estate Advisors. The three-story building is fully leased to CompuCom Systems, a wholly owned subsidiary of Office Depot, through 2032. The 19.4-acre site is located in Bailes Ridge Corporate Park on U.S. Highway 160, near U.S. Highway 521, and just south of Ballantyne, a neighborhood in Charlotte, North Carolina. The building, completed in 2018, is the first in the [...]

2019-01-04T10:03:18-04:00January 4th, 2019|In the News|

Cushman & Wakefield Arranges $30.3M, 388-unit Multifamily Portfolio Sale

CHARLOTTE, North Carolina, December 6, 2018 – Cushman & Wakefield has arranged three multifamily sales in Rock Hill, South Carolina, for a total of $30.3 million. Watson Bryant, Paul Marley and Brooks Colquitt represented the sellers in the transactions. New Jersey-based property owner FriedLam Partners acquired the properties. “We are excited to expand our Charlotte portfolio with these solid value-add assets in Rock Hill,” said Nathan Friedman, Principal of FriedLam Partners. “We look forward to making improvements to the properties.” The Gramercy and The Fields Riverview were sold by Varden Capital Partners and Elite Street Capital, respectively. They are exceptionally located due to their proximity to the booming I-77 corridor, making the properties commuter-friendly to Charlotte. The third property, Willow Glen, was also sold by Varden Capital Partners and features large townhome layouts. It is near the Knowledge Park development site, which will feature office space, restaurants, breweries and retail [...]

2018-12-11T11:12:49-04:00December 11th, 2018|In the News|

Cushman & Wakefield Bolsters Charlotte Valuation & Advisory Team with Addition of Four Veteran CRE Executives

CHARLOTTE, NORTH CAROLINA, November 21, 2018 – Cushman & Wakefield announced today that the firm has significantly bolstered its Charlotte Valuation & Advisory (V&A) practice with the addition of Senior Director Decker Dickson and Directors Bill Hicks, Ben Riddle and Jim Lynch, MAI. “V&A presents a strategic growth opportunity for Cushman & Wakefield in the Charlotte region and throughout the Southeast,” said Brett Gray, Cushman & Wakefield Charlotte Managing Principal. “Adding top, market-leading talent in each of our service lines is imperative as well, and we’ve certainly accomplished that with the addition of Decker, Bill, Ben and Jim.” Decker Dickson has more than 20 years of commercial real estate experience, and he is licensed in North Carolina, South Carolina, Georgia, Alabama and Tennessee. Decker’s primary market coverage includes Georgia, North Carolina and South Carolina, and he currently serves as the head of the South Carolina market. His primary specialties include [...]

2018-11-27T10:59:00-04:00November 27th, 2018|In the News|

Cushman & Wakefield Arranges $136.8M Sale of Lash Group’s HQ Campus

CHARLOTTE, North Carolina, November 21, 2018 – Cushman & Wakefield has arranged the $136.75 million sale of Lash Group’s two-building, 421,863-square-foot headquarters campus located in Fort Mill, South Carolina. Rob Cochran, Jared Londry and Nolan Ashton of Cushman & Wakefield’s Charlotte office represented the seller in the transaction, and Sentinel Acquisitions acquired the property. “The Lash Headquarters Campus was the perfect offering for investors in today’s market who are looking for high quality buildings offering attractive yields secured by investment grade credit,” said Rob Cochran, Managing Director of Cushman & Wakefield. “More than 120 investor groups, including many from Europe, the Middle East, and Asia, pursued the offering. All were attracted by the modern office construction in the dynamic Kingsley mixed-use development and the long-term lease with The Lash Group, a subsidiary of AmeriSourceBergen.” Lash 1.0, located at 1800 Innovation Point, was built in 2016 and totals 247,834 square feet, [...]

2018-11-21T12:17:22-04:00November 21st, 2018|In the News|

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 [...]

2018-11-13T09:01:55-04:00November 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, [...]

2018-11-12T14:56:18-04:00November 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 [...]

2018-11-07T11:38:12-04:00November 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. [...]

2018-10-15T10:20:13-04:00October 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 [...]

2018-10-09T14:24:06-04:00October 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 [...]

2018-10-02T12:25:34-04:00October 2nd, 2018|In the News|