CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Arranges $126.6 Million Sale of Gwinnett Commons on Behalf of a Joint Venture between Westmount and Quilvest

8/28/2020
Cushman & Wakefield 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. The sale represents the largest industrial acquisition by dollar amount in Atlanta in 2020.

Gwinnett Commons

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 Interstate 285 and sits between three major Interstate 85 interchanges – Beaver Ruin Road, Steve Reynolds Boulevard, and Pleasant Hill Road.

Currently the 16 buildings are 97% leased, offering the ultimate irreplaceable light industrial offering in Atlanta’s most popular small bay submarket. Its prime location provides real ‘last mile’ companies unparalleled proximity to service Atlanta’s population base of over 6 million people. It is also central to Gwinnett County, a perennial growth leader in metro Atlanta.

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS