Cushman & Wakefield Represents Union Bank & Trust in Partial Sale-Leaseback Transaction

Cushman & Wakefield Represents Union Bank & Trust in Partial Sale-Leaseback Transaction

Raleigh-Durham Capital Markets Team Arranges Sale of 2235 Gateway Access Point

RALEIGH-DURHAM, NC, December 11, 2018 – Cushman & Wakefield today announced the sale of 2235 Gateway Access Point, a mixed-use office and retail development located at the intersection of Lake Boone Trail and Gateway Access Point in West Raleigh. Cushman & Wakefield Managing Director David Finger and Director Sara Owen represented the seller, Union Bank & Trust, in the sale of the Class A office building totaling 45,746 square feet.

As part of the transaction, Union Bank & Trust signed a lease for a portion of space in the building, which it and its predecessors have occupied since the building’s construction in 2007.
Griffin Partners acquired the building and is now the sole owner of all four buildings located within the Marketplace at Lake Boone development.

About Union Bank & Trust
Headquartered in Richmond, Virginia, Union Bankshares Corporation (Nasdaq: UBSH) is the holding company for Union Bank & Trust. Union Bank & Trust has 140 branches, 7 of which are operated as Xenith Bank, a division of Union Bank & Trust of Richmond, Virginia, and approximately 200 ATMs located throughout Virginia and in portions of Maryland and North Carolina.

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action 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 www.cushmanwakefield.com or follow @CushWake on Twitter.

By | 2019-01-06T11:55:24+00:00 December 11th, 2018|In the News|0 Comments

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