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, and Lash 2.0, located at 1799 Innovation Point, was built in 2018 and totals 174,029 square feet. The headquarters campus is positioned adjacent to Kingsley Town Center, which includes a 129-key Courtyard by Marriott, approximately 150,000 square feet of retail space, 238 multifamily units and 800,000 square feet of office space. Additionally, it is located within minutes of the 2,100-acre Anne Springs Close Greenway, Baxter Village mixed-use development and Lake Wylie, boasting 325 miles of shoreline and endless outdoor activities.
Lash Group designs, develops and implements patient and provider support programs for healthcare providers and pharmaceutical manufacturers. Established in Charlotte in 1993, the company employs 2,500 at its headquarters, which has 12 years remaining on the lease.