{"id":806415,"date":"2022-07-11T07:16:37","date_gmt":"2022-07-11T05:16:37","guid":{"rendered":"https:\/\/15.161.165.86\/non-categorizzato\/cushman-wakefield-advises-on-104m-sale-of-landmark-478700-sf-research-development-property\/"},"modified":"2022-07-11T07:16:37","modified_gmt":"2022-07-11T05:16:37","slug":"cushman-wakefield-advises-on-104m-sale-of-landmark-478700-sf-research-development-property","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/cushman-wakefield-advises-on-104m-sale-of-landmark-478700-sf-research-development-property\/","title":{"rendered":"Cushman & Wakefield Advises on $104M Sale of Landmark 478,700-SF Research & Development Property"},"content":{"rendered":"

RICHMOND, Calif.–(BUSINESS WIRE)–#CRE<\/a>–Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, advised on the sale of Ford Point, a historic 478,761-square-foot research & development (R&D) asset in Richmond, California.\n<\/p>\n

<\/a><\/p>\n

\nNew York-based Madison Capital, a leading real estate investment and operating company focused on acquiring and repositioning mixed-use assets in dynamic markets, and Meadow Partners, a vertically integrated private real estate investment firm, acquired the landmark waterfront property from owner\/developer Orton Development for $103.7 million.\n<\/p>\n

\nLocated at 1414 Harbour Way S, the property was 83% leased at sale to corporate tenants.\n<\/p>\n

\nCushman & Wakefield\u2019s Northern California Capital Markets Group comprising Seth Siegel, Steve Hermann, Ryan Venezia, Rick Ryan, Kevin Flemming and Courtney Trunnell represented the seller in the transaction. Cushman & Wakefield\u2019s Keith Padien arranged the financing on behalf of the buyer, and Cushman & Wakefield\u2019s Ted Anderson, Andrew Schmieder and Ryan Hattersley have been retained to continue leasing the project.\n<\/p>\n

\nDesigned in 1930 by renowned architect Albert Kahn, Ford Point was built as the Ford Motor Company Assembly Plant. Ford Point has been on the National Register of Historical places since 1988, and the site is home to a National Parks Services education center.\n<\/p>\n

\nOrton Development purchased the site in 2004 and began a comprehensive, $40 million renovation of the building. Since 2008, an additional $11.3 million has been invested in the property.\n<\/p>\n

\n\u201cFord Point is a spectacular asset and model of urban revitalization and is truly a one-of-a-kind San Francisco Bay Area landmark. The Orton team has done a fantastic job on the rehabilitation and lease-up of Ford Point,\u201d said Siegel, Executive Managing Director. \u201cMadison Capital has already begun capitalizing on leasing momentum at the property.\u201d\n<\/p>\n

\n\u201cWe were drawn to this opportunity by the asset\u2019s prominent waterfront location, robust power supply, high ceiling heights, expansive parking area and potential to create a dynamic best-in-class R&D facility in a growing East Bay submarket,\u201d said Jonathan Nachmani, Madison\u2019s Managing Director and Head of Acquisitions. \u201cOur capital improvement program will respond to the shortage of premium R&D space that is most in demand to attract innovative users in the Bay Area.\u201d\n<\/p>\n

\nAbout Cushman & Wakefield\n<\/p>\n

\nCushman & 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 approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com<\/a> or follow @CushWake<\/a> on Twitter.\n<\/p>\n

\nAbout Madison Capital\n<\/p>\n

\nMadison Capital is a leading real estate investment and operating company focused on creating exceptional opportunities in evolving markets. Targeting income-producing, opportunistic and value-add opportunities in New York, Chicago, San Francisco, Miami and other gateway cities, the firm employs a focused and disciplined approach to its investments. Madison has grown its portfolio organically since the firm\u2019s inception in 2002 to over $3.1 billion of current assets under management. For more information, please visit the firm\u2019s website at mcapny.com<\/a>.\n<\/p>\n

\nAbout Meadow Partners\n<\/p>\n

\nMeadow Partners is a vertically integrated private real estate investment firm based in New York City and London that manages a series of closed-end funds and separate accounts on behalf of institutional investors. Meadow Partners has more than $5.5 billion of current assets under management.\n<\/p>\n

Contacts <\/p>\n

\nJoshua Deale
\n
Cushman & Wakefield
\n
Communications Manager, West Region
\n
Mobile: +1 415 677 0423
\n
joshua.deale@cushwake.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

RICHMOND, Calif.–(BUSINESS WIRE)–#CRE–Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, advised on the sale of Ford Point, a historic 478,761-square-foot research & development (R&D) asset in Richmond, California. New York-based Madison Capital, a leading real estate investment and operating company focused on acquiring and repositioning mixed-use assets in dynamic markets, and […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49630],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-806415","post","type-post","status-publish","format-standard","hentry","category-real-estate-in-asia-pacific"],"acf":[],"yoast_head":"\nCushman & Wakefield Advises on $104M Sale of Landmark 478,700-SF Research & Development Property - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/cushman-wakefield-advises-on-104m-sale-of-landmark-478700-sf-research-development-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cushman & Wakefield Advises on $104M Sale of Landmark 478,700-SF Research & Development Property - BeBeez\" \/>\n<meta property=\"og:description\" content=\"RICHMOND, Calif.–(BUSINESS WIRE)–#CRE–Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, advised on the sale of Ford Point, a historic 478,761-square-foot research & development (R&D) asset in Richmond, California. 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