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

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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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition
  • ◦Lease
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