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Cushman & Wakefield Arranges $11.3M Sale on Behalf of Beacon Partners

10/29/2020
Cushman & Wakefield has arranged the $11.3 million sale of a fully leased industrial building located in Catawba, North Carolina.

3389 Catawba

Cushman & Wakefield’s Nolan Ashton and Rob Cochran of the Capital Markets team and Fermin DeOca of the Industrial Leasing team represented the seller, Beacon Partners, in the transaction. STAG Industrial acquired the property.

“Industrial real estate remains a favored asset class for investors, and demand for this asset was robust due to the quality of the asset and investment grade credit,” Ashton said.

Located at 3389 Catawba Industrial Place along Interstate 40, the 137,785-square-foot building provides easy access to Interstates 77 and 85, and US-321. The highly functional facility features 35’ clear heights, 8” concrete slab with reinforcement, pre-cast concrete panels, 33 dock doors, 39 trailer parking spaces, and 46 car parking spaces.

The property is leased to WestRock, one of the world’s largest paper and packaging companies. The facility offers additional distribution support to the nearby WestRock manufacturing presence along the I-40 corridor where they occupy more than 750,000 square feet in the region and 1.7 million square feet in North Carolina.

 

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.