Case Study


Agency Executions - First Industrial Realty Trust and Kuwait Finance House

Cushman & Wakefield was retained by First Industrial Realty Trust and Kuwait Finance House to sell a large, national portfolio of 36 highly stabilized class "A" industrial buildings totaling 6.2 million square feet in 14 of the nation's top industrial markets. The portfolio boasts an average occupancy of 98%, as well as 28' average clear heights, and 8% average office build-out.


- First Industrial Realty Trust and Kuwait Finance House

The Challenge

Despite these undeniable strengths, two issues posed major challenges in the sale of this portfolio.  The first challenge was the portfolio's geographic dispersion over 14 different markets that required multiple C&W office coverage and coordination.  The second challenge was the portfolio's composition, which included a mix of product types ranging from bulk warehouses to shallow-bay distribution to high-finish flex properties.

Our Impact

C&W launched a national marketing campaign within 3 business days of being awarded the assignment.  As a result of this campaign, C&W registered 90 investors, conducted 26 property tours, and received 12 portfolio offers in addition to multiple sub-portfolio offers.

The Outcome

Successful coordination between multiple C&W offices allowed for a timely and efficient product offering that achieved superior results for our client.  Ultimately, First Industrial and Kuwait Finance House closed on a $350 million sale that exceeded their expectations. 




For more information contact:

Andrew Merin
(201)460-3358
Andrew.Merin@cushwake.com
Services:

Agency Executions   Agency Executions
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