{"id":1548,"date":"2019-01-04T11:30:29","date_gmt":"2019-01-04T16:30:29","guid":{"rendered":"https:\/\/www.meyer.media\/?p=1548"},"modified":"2019-01-04T11:22:34","modified_gmt":"2019-01-04T16:22:34","slug":"cushman-wakefield-negotiates-sale-and-financing-of-linton-center%e2%80%8b","status":"publish","type":"post","link":"https:\/\/www.meyer.media\/2019\/01\/04\/cushman-wakefield-negotiates-sale-and-financing-of-linton-center%e2%80%8b\/","title":{"rendered":"Cushman & Wakefield Negotiates Sale and Financing of Linton Center\u200b"},"content":{"rendered":"
\"Linton<\/a>
Linton Center – Building A<\/figcaption><\/figure>\n

Linton Industrial Center, LLC Acquired the Two-Building, 66,110-Square-Foot Light Industrial Portfolio from Beaver Properties, Inc.<\/em><\/strong><\/p>\n

DELRAY BEACH, FL, January 4, 2019<\/strong> \u2014 Cushman & Wakefield<\/a> has negotiated the sale and financing of Linton Center, a two-building, 66,110-square-foot, light industrial portfolio in Delray Beach, FL.<\/p>\n

The Cushman & Wakefield Capital Markets team of Greg Miller<\/a>, Dominic Montazemi<\/a>, Scott O\u2019Donnell<\/a> and Miguel Alcivar<\/a> negotiated the sale on behalf of Deerfield Beach, FL-based Beaver Properties, Inc.<\/a>. Linton Industrial Center, LLC<\/a> acquired the asset for $9.0 million ($136 per square foot).<\/p>\n

\u201cLinton Center provided investors with the rare opportunity to acquire an industrial asset with frontage and visibility on Interstate 95 in Delray Beach. The prime location, combined with additional upside through rental increases, attracted great interest in the deal,\u201d said Miller.<\/p>\n

Senior Director Jason Hochman<\/a> of Cushman & Wakefield\u2019s Equity, Debt & Structured Finance group<\/a> secured a $5 million acquisition loan with a life insurance company on behalf of the buyer.<\/p>\n

\u201cOur client was seeking a long-term, fixed-rate loan to take advantage of low interest rates to help secure the cash flow for many years. We chose a lender who provided the best terms and closed the transaction quickly and efficiently,\u201d said Hochman.<\/p>\n

Linton Center was 95.8% leased at the time of sale with 32 tenants in a diverse mix of industries including light manufacturing, storage, art, distribution, business services, construction and entertainment. The portfolio is located at 1220<\/a> and 1240 Tangelo Terrace<\/a>, just north of the Interstate 95-Linton Boulevard interchange (Exit 51). This location offers prime visibility along Interstate 95 and excellent access to South Florida\u2019s Tri-County area with over 65% of the region\u2019s population residing within a one-hour drive.<\/p>\n

The South Florida Commercial Team of O\u2019Donnell, Montazemi, Alcivar, Miller and Hochman has closed over $1.5 billion in sales and financing over the last three years. Please visit www.southfloridacommercialteam.com<\/a> for more information about the team.<\/p>\n

About Cushman & Wakefield<\/strong><\/p>\n

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit\u00a0www.cushmanwakefield.com<\/a> or follow @CushWake<\/a> on Twitter.<\/p>\n

Media Assets<\/strong><\/p>\n

Linton Center Photo<\/a>
\nGreg Miller Headshot<\/a>
\nJason Hochman Headshot<\/a>
\nDominic Montazemi Headshot<\/a>
\nScott O\u2019Donnell Headshot<\/a>
\nMiguel Alcivar Headshot<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Cushman & Wakefield has negotiated the sale and financing of Linton Center, a two-building, 66,110-square-foot, light industrial portfolio in Delray Beach, FL.<\/p>\n","protected":false},"author":1,"featured_media":1544,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[2175,2176,2173,98,49,4,361,700,87,2083,146,29,144,123,120,2174,166,86,216,35,88,368],"class_list":["post-1548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pr","tag-1220-tangelo-terrace","tag-1240-tangelo-terrace","tag-beaver-properties-inc","tag-capital-markets","tag-commercial-real-estate","tag-cushman-wakefield","tag-delray-beach","tag-disposition","tag-dominic-montazemi","tag-equity-debt-structured-finance","tag-financing","tag-florida","tag-greg-miller","tag-industrial","tag-jason-hochman","tag-linton-industrial-center-llc","tag-loan","tag-miguel-alcivar","tag-palm-beach-county","tag-sale","tag-scott-odonnell","tag-south-florida"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.meyer.media\/wp-content\/uploads\/2018\/12\/linton-center-photo.jpg?fit=3000%2C2271&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p79IL5-oY","_links":{"self":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts\/1548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/comments?post=1548"}],"version-history":[{"count":1,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts\/1548\/revisions"}],"predecessor-version":[{"id":1549,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts\/1548\/revisions\/1549"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/media\/1544"}],"wp:attachment":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/media?parent=1548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/categories?post=1548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/tags?post=1548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}