Cushman & Wakefield (NYSE: CWK) has arranged the $126.6 million sale of Gwinnett Commons, a 1.2 million-square-foot light industrial park located in Atlanta’s I-85 Northeast corridor.
Stewart Calhoun and Casey Masters of Cushman & Wakefield represented the seller in the transaction, a partnership between affiliates of Westmount Realty Capital and Quilvest Capital Partners. Brian Linnihan and Mike Ryan of Cushman & Wakefield secured acquisition financing on behalf of the buyer, CIP Real Estate.
Gwinnett Commons offered an opportunity to acquire 13 premier last-mile buildings in the largest and most institutionally-owned industrial submarket in the Southeast. Additionally, the three single-story flex buildings included in the sale presented a prime value-add opportunity.
The 16-building master-planned park also includes two rare infill development sites that are zoned M-1, ideal for modern warehouse development, which can support a total of 195,000 square feet. Gwinnett Commons is located eight miles from