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New York & Tri-State  + Outer  + Finance  |  June 27, 2024
Emily Fu
By: Emily Fu

Cushman & Wakefield Arranges $18M Sale-Leaseback of Jamaica Building

Cushman & Wakefield announced the sale-leaseback of 1 Megabyte Drive in Montego Bay, Jamaica, for Cimpress plc. The 92,876-square-foot building, on 6.58 acres, features a football field, paved parking, and land for future development. The final sale price was $18 million. 

Cushman & Wakefield’s Kevin McNamara and Michael O’Leary, along with Christopher Mark Harris of Property Consultants Limited, represented Cimpress. The property was acquired by Active Traders Limited. 

The 25,000-SF leaseback allows Cimpress to optimize its footprint in Jamaica while maintaining a market presence through a mix of remote and in-office work. The property is located in Barnett Tech Park, one of Jamaica’s largest office complexes, spanning 315,000 square feet. 

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Inside The Story

Kevin McNamara

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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