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Follow on Google News | Cushman & Wakefield Orchestrates 212,340-Square-Foot Lease Renewal for JELD-WENThe Window and Door Maker Extends Lease at Winstanley Property in Vermont
By: Caryl Communications, Inc. In the transaction, the company was represented by Bo Mills, Mark Detmer, Will Strong, and Jackie Orcutt of the Phoenix office of Cushman & Wakefield, and Thomas Farrelly of the firm's Manchester, N.H. office. Landlord WE 36 Precision Drive LLC, an affiliate of Winstanley Enterprises, was represented by Arthur Ross of Hart Corp. "With its prime location near I-91, this facility is well-suited for JELD-WEN for serving its regional market," said Mills. "Recently renovated, this industrial property works well for the company's window and door business." Originally constructed in 1968 as a single-tenant precision tool manufacturing facility, 36 Precision Drive was completely renovated in 2006 and converted into a multi-tenant property. The building totals 373,000 square feet, expandable to 600,000 square feet, and occupies 15 acres within a 213-acre industrial tract. Cushman & Wakefield, Inc.'s industrial brokerage platform provides global resources for tenant and landlord representation, disposition and acquisition services, transaction management, and industrial consulting including labor and demographic analysis. In 2010, this group completed more than 4,800 industrial real estate transactions nationwide - totaling 141.6 million square feet in leases and 52.9 million square feet in sales - with an aggregate value of nearly $5 billion. This represented a year-over-year revenue increase of 26.7 percent. End
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