Mike Davis |
Executive
Director Mike Davis, Senior Director
Michael Lerner, and Senior Director Rick Brugge represented the seller,
Columbus Nova.
Built in
1984, 1420 Sams Avenue is a front-load, dock-high, one-building regional
distribution center located in Elmwood Business Park – New Orleans’ largest and
most centrally located industrial park.
The building is one of the largest multi-tenant industrial properties in New Orleans and the only for-lease industrial property in the submarket with active rail. It was 95.6 percent occupied at the time of sale.
The building is one of the largest multi-tenant industrial properties in New Orleans and the only for-lease industrial property in the submarket with active rail. It was 95.6 percent occupied at the time of sale.
“This was a
prime opportunity for the seller to bring to market one of the highest quality
industrial assets located in the 33-million-square-foot Elmwood Business Park,”
said Davis.
For a
complete copy of the company’s news release, please contact:
Mike Davis
Cushman
& Wakefield
Executive
Director
(813)
223-6300
mike.davis@cushwake.com
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