October 30, 2019 Comments Off on CushWake Arranges $60M Sale-Leaseback of 4-State Industrial Portfolio Views: 731 Florida, National News, South Carolina, Southeast

CushWake Arranges $60M Sale-Leaseback of 4-State Industrial Portfolio

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Cushman & Wakefield has arranged the $60.2-million sale and leaseback of a seven-property industrial portfolio totaling 791,000 square feet in California, Florida, South Carolina and Kansas.

Ben Cooper, Larry Wilks and Ben Pugh of Cushman & Wakefield’s Corporate Capital Markets group in Atlanta, along with Keith Bell of Cushman & Wakefield’s Charlotte office, represented the owner, The C.F. Sauer Company, in the transaction.

C.F. Sauer is now controlled by a private equity partnership, and operates as Sauer Brands. Sauer Brands manufactures a broad line of condiments, spices, seasonings and extracts, including Duke’s Mayonnaise and Gold Medal.

Six of the properties sold to a private REIT and the seventh sold to a different public REIT. Four of the properties are in Mauldin, SC, and the remaining three properties are located in San Luis Obispo, CA, New Century, KS and Orange, FL.

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