$64M Secures Newly Constructed Distribution Center in Winston-Salem
Cushman & Wakefield has arranged the sale of Union Cross Distribution Center, a newly constructed 610,000-square-foot cross-dock logistics facility at 4051 Wallburg Road in Winston-Salem. The final sale price was $64 million, equating to $105 per square foot.
Rob Cochran, Nolan Ashton, Bill Harrison, Stewart Calhoun, Casey Masters, Bobby Finch, Jason Ofsanko and Hap Royster of Cushman & Wakefield represented the seller in the transaction. The fully leased real estate property was developed and sold by Front Street Capital and acquired by Galaxy Investments LLC/Halle Acquisitions.
“This facility is in the heart of Winston-Salem’s Southeast Forsyth submarket, which has had strong tenant demand, minimal new supply, and is accessible to 6.2 million residents within a 100-mile radius,” said Cochran. Features of facility include 40-foot clear heights, cross-dock loading, LED lighting, concrete tilt-wall construction and exceptional access to the Triad’s major transportation arteries along with the Piedmont Triad International Airport.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.