Dealmaker: Cushman & Wakefield Arranges $144M in Industrial, Retail Sales

Cushman & Wakefield, Chicago, arranged the $105.6 million sale of Apple Valley Industrial Portfolio, a four-building industrial portfolio in Duncan, S.C.

Cushman & Wakefield Vice-Chairman Stewart Calhoun and Managing Director Casey Masters worked with CBRE Vice President Marcus Cornelius and Broadstreet Partners Broker Ryan Koop to represent sellers Panattoni, Newport Beach, Calif., and PCCP, Los Angeles, in the transaction. A Lexington Realty Trust affiliate acquired the property.

The Class A Portfolio on Apple Valley Road totals 1.03 million square feet. Nearby industrial demand drivers include BMW, Greenville-Spartanburg International Airport and Greer Inland Port.

Cushman & Wakefield also arranged the $38.3 million sale of Cedar Center South in University Heights, Ohio, nine miles east of Cleveland. Anchored by Whole Foods Market, the 138,880-square-foot shopping center is 91 percent leased to tenants including CVS Pharmacy, Dollar Tree and Goodwill. The firm arranged a $25.7 million acquisition loan for buyer First National Realty Partners, red Bank, N.J. Sentinel Investments, New York, provided 10-year fixed-rate loan.