Real Estate Journal — Economic Development — January 30 - February 12, 2015 — 13A


M id A tlantic

M id A tlantic R eal E state J ournal

PanczykowskiofBinswanger brokers $2m industrial sale

ILMINGTON, DE — A warehouse building and adja- Newmark Grubb Knight Frank’s DiClemente reps. buyer Hickey of NAI Emory Hill RE Svcs. sells 83,000 s/f warehouse W

cent land at 1320 Clifford Brown Walk in downtown Wilmington ha v e b e en sold and will b e r e - pu r - posed i nt o an 80-uni t res ident ial development called The Lofts at Clifford Brown Walk. The four-story, 83,000 s/f building, which sits on over two acres of riverfront land along the Brandywine River, was acquired by 1320 CBW LLC. Located next door to Howard High School of Tech- nology, the building was for- merly home to Iron Mountain, Security Archives & Storage Company, and Kaumagraph Corporation. Sasco Realty Too, Inc. was the seller and was represented by JonHickey of NAI Emory Hill Real Estate Services . The buyer’s agent was Brett DiClemente of Newmark Grubb Knight Frank . n Jon Hickey TPG & PAG Consortium completes acquisition of Cassidy Turley CHICAGO, IL — DTZ an- nounced that Cassidy Turley and DTZ are now operating as a single global firm following the completion of the acquisi- tion of Cassidy Turley by the private equity investment consortium backed by TPG Capital, PAG Asia Capital and Ontario Teachers’ Pen- sion Plan. Cassidy Turley brings a legacy of strong local market leadership and penetration in the U.S., while DTZ offers an established full-service global platform. The unified company rep- resents $2.9 billion in an- nual revenues and more than 28,000 employees. Tod Lickerman will be the Global CEO of the integrated company. Joseph Stettinius Jr. , Cassidy Turley’s CEO, is now chief executive of the Americas, while Brett White , former CEO of CBRE Group , who also invested in the acqui- sition, will become full-time executive chairman in March 2015. n

14 New Road

Madison, CT — On be- half of Garrity Industries, Inc., Binswanger announced the sale of a prime 41,718 s/f . in- dustrial facility on four acres. The property is located at 14 New Rd. in Madison. The buyer, Stone Heron, LLC purchased the property for $2 million. The property will become the new home of Pacuda Inc.

Binswanger marketed the property on a local, national and international basis almost exclusively to end-users with the functional capabilities to use a building with this unique infrastructure and layout. Jim Panczykowski , ex- ecutive vice president in Binswanger’s New Haven, Connecticut office brokered the transaction for the seller. n

1320 Clifford Brown Walk

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