C&W Brokers Sale of ±360,000-SF Distribution Center in New Orleans, LA

Mike Davis

 NEW ORLEANS, LA – Cushman & Wakefield announced today that it has brokered the $15.5 million sale of 1420 Sams Avenue, a ±358,060-square-foot regional distribution building in New Orleans, Louisiana.

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.

“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