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|

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 & [...]

2018-08-07T09:40:50-04:00August 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 [...]

2018-07-27T11:34:39-04:00July 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 [...]

2018-07-17T08:50:27-04:00July 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, [...]

2018-06-20T11:02:41-04:00June 22nd, 2018|In the News|

American Security Mortgage Signs as First Tenant at 150 Providence

The mortgage firm will relocate from SouthPark to Myers Park CHARLOTTE, NC, June 5, 2018 – American Security Mortgage has signed a 15-year lease at 150 Providence in Myers Park. Cushman & Wakefield Executive Director Jessica Brown and Senior Director David Dorsch represented the owner and landlord, Bucci Development, in lease negotiations. 150 Providence was previously the site of the Novant Health Bradford Clinic. The 1.4 acre site will be redeveloped into a high-end, boutique office building totaling 41,574-square-feet. American Security Mortgage will occupy the entire 3rd floor comprising 15,218-square-feet. Brian Bucci, Managing Member of Bucci Development, said “We develop generational assets with a superior location, high quality of design, and excellent tenants. 150 Providence Road and American Security Mortgage meet and exceed our expectations and we are completely thrilled to announce this development.” “Founded nearly 20 years ago, we have built our business on an understanding that every customer [...]

2018-06-05T13:31:48-04:00June 5th, 2018|In the News|

Mesirow Financial Acquires 216-Unit Multifamily Property

CHARLOTTE, North Carolina, May 2, 2018 – Cushman & Wakefield has arranged the sale of The Enclave at Rivergate, a 216-unit apartment community located in Charlotte, North Carolina. Jordan McCarley, Marc Robinson and Watson Bryant of Cushman & Wakefield represented the seller, Passco Companies, in the transaction. Mesirow Financial acquired the property. “Southwest Charlotte, particularly Steele Creek, is a thriving submarket with outstanding job growth and attractive fundamentals,” McCarley said. “The Enclave at Rivergate is well positioned to benefit from the area’s momentum. In addition, this sale represents the continued demand that we’re seeing for communities in quality suburban locations.” “As the market flourishes, we viewed this as an opportune time to sell this asset, which ultimately generated an attractive return for our investors,” added Jeff Olshan, Senior Vice President, Multifamily Investments of Passco. The Enclave at Rivergate boasts the largest average unit size in the submarket (25 percent larger [...]

2018-05-03T19:45:06-04:00May 3rd, 2018|In the News|

Cushman & Wakefield Represents Decision Support Management LLC in Sale of 3326 Siskey Parkway in Southeast Charlotte MSA

CHARLOTTE, NC, April 11, 2018 – Cushman & Wakefield announced today that it has represented locally based Decision Support Management LLC in the sale of 3326 Siskey Parkway, a 15,250-square-foot, two-story, fully leased office building in Matthews NC. Cushman & Wakefield’s Kris Westmoreland, David Hoppe and Grant Keyes represented Decision Support Management LLC in the lease up and sale. The buyer, a local investor, acquired the asset for $2.95 million, or $193 per square foot, and was represented by Phil Hayes of Land Investment Resources. 3326 Siskey Parkway was constructed in 2006 in one of Charlotte’s fastest growing markets. The property is currently 100% leased to four tenants on long-term leases and can truly boast about a location in a live, work and play environment as it shares access with retail, residential, fitness and other office properties. In addition, the surrounding five-mile radius has grown rapidly since 2010 with population [...]

2018-05-03T19:45:06-04:00April 20th, 2018|In the News|