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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 real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.

Media Contact

Savannah Durban Atlanta Communications
Savannah Durban

Senior Communications Specialist, South Region • Atlanta

Ms. Durban leads public relations for Cushman & Wakefield's South region. She oversees media relations, thought leadership initiatives, and manages blogs and social media.