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Cushman & Wakefield closes 2.4 million s/f Mid-Atlantic industrial portfolio



Cushman & Wakfield announced that it recently closed the sale of a major Mid-Atlantic industrial portfoio on behalf of its client, TA Realty. The buyer was international private equity investor, Colony Northstar. The majority of the portfolio, 2.4 million s/f, is concentrated in the greater Baltimore metropolitan area with the remaining 400,000 s/f located in Philadelphia and Delaware. Cushman & Wakefield has been involved with the project since its inception, having assisted with individual building acquisitions, leasing and property management. At the time of the final sale, the portfolio was 94% leased to 64 tenants. Upon closing, Cushman & Wakefield has been awarded the property management assignment for all 20 facilities. READ MORE


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