Cushman & Wakefield | Commerce Negotiates 89,728 Square Foot Sublease in Sunrise Industrial Park
LAS VEGAS—Sept. 8, 2015—Cushman & Wakefield | Commerce today announced it successfully negotiated the sublease of a large industrial building adjacent to the I-15 highway, facilitating a transaction for sub-lessor Global Equipment Company (GEC) and sub lessee VMinnovations.
Amy Ogden, Danielle Steffen, and Art Farmanali, Directors of Industrial and Investment for Cushman & Wakefield | Commerce’s Las Vegas office represented the sub-lessor. Ogden and Steffen also represented the sub-lessee.
“Negotiating this contract required some creativity to resolve and meet each party’s real estate needs,” Ogden said. “For instance, we negotiated an equipment sale of the existing racking and other miscellaneous items, which benefited both parties. Furthermore, GEC had no downtime when relocating to its new facility.”
The property is located within the Indcor Sunrise Industrial Park at Cheyenne and Marion. The property includes a total of approximately 89,728 square feet located within a 271,616 square foot multi-tenant concrete tilt-up industrial building.
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About Cushman & Wakefield | Commerce
Cushman & Wakefield | Commerce, headquartered in Salt Lake City, Utah is an independently owned and operated member of the Cushman & Wakefield Alliance with offices throughout Utah, Nevada, Washington and Idaho. The firm partners with its sister company Cushman & Wakefield | NorthMarq to provide innovative commercial real estate solutions to occupier and investor clients, offering transaction services, capital markets services, occupier and investor services, and real estate advisory. Together the firms manage more than 52 million sq. ft. of retail, industrial, and office assets, have annual revenues of more than $100 million, and employ more than 750 professionals. Learn more at www.comre.com; www.cushwakenm.com. C&W | Commerce and C&W | NorthMarq are part of the Cushman & Wakefield platform, which is the world’s largest privately-held commercial real estate services firm with 250 offices in 60 countries globally. www.cushmanwakefield.com.
About Cushman & Wakefield
Cushman & Wakefield is a global leader in commercial real estate services, helping clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provides deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms in the world with revenues of $5 billion across core services of agency leasing, asset services, capital markets, facilities services (branded C&W Services), global occupier services, investment management (branded DTZ Investors), tenant representation and valuations & advisory. To learn more, visit www.cushmanwakefield.com or follow @Cushwake on Twitter.