Cushman & Wakefield’s Atlanta Investment Sales Team Brokers The Sale Of A Nine-Building, 2.4-MSF Class A Industrial Portfolio In Atlanta
Cushman & Wakefield’s National Industrial Advisory Group announced that its Atlanta-based Capital Markets team has represented Clarion Partners in the sale of a portfolio of nine bulk industrial properties totaling 2.4 million square feet located in Atlanta.
Members of the Cushman & Wakefield team that marketed the property included Executive Director Stewart Calhoun; Executive Director David Meline; Director Samir Idris; and Senior Associate Casey Masters.
The buyer was Exeter Property Group, a privately-held real estate investment firm based in Plymouth Meeting, Pennsylvania. The purchase price was undisclosed. The sale closed on September 6, 2013.
The portfolio consisted of nine high-quality, bulk industrial properties well-positioned in two of Atlanta’s most established industrial submarkets – Airport/South Atlanta and I-20 West. The portfolio was 100% leased to major credit tenants, including Electrolux, Iron Mountain, Aaron’s, and TOTO Americas.
Cushman & Wakefield is the world’s largest privately‐held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917, it has 253 offices in 60 countries and nearly 15,000 professionals. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has more than $3.7 billion in assets under management globally. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge.