Cushman & Wakefield handles sale-leaseback of 15 Riverdale Avenue

Cushman & Wakefield completed the sale-leaseback of 15 Riverdale Ave., a 53,000 s/f light assembly-manufacturing facility. Cushman & Wakefield senior associate Scott Gredler represented the seller, C&K Components, Inc. The buyer is LEGACY Real Estate Ventures, LLC. "The sale represented an excellent opportunity for C&K to leverage capital while focusing on the delivery of their core business offerings," said Gredler. "I'm delighted to have supported them in the execution of this strategic objective." C&K currently occupies 65% of 15 Riverdale Ave. which serves as the company's United States headquarters and supports the manufacturing of prototypes as well as testing and R&D on its products. The remainder of the building is leased to Second Wind, a wind resource management firm, involved in light manufacturing. C&K Components is a leader in interface and switch technology as well as smart card and high reliability connector products. C&K Components offers more than 40,000 unique part numbers that are built, priced and delivered as standard catalog items. Legacy Real Estate Ventures' primary focus is the acquisition and value enhancement of commercial real estate, with a goal of increasing the wealth of its equity investors through cash flow and appreciation. As implied by the name Legacy, it is the company's intention to build long-term value that can be passed on to future generations. Cushman & Wakefield is the world's largest privately‐held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world's major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917 it has 243 offices in 60 countries and more than 14,000 employees. It offers a complete range of services for all property types, fully‐integrated on a global basis, including leasing, sales and acquisitions, debt and equity financing, investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has more than $5.5 billion in assets under management through its wholly‐owned subsidiary Cushman & Wakefield Investors. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge. For the New England area, Cushman & Wakefield maintains offices in Boston, Massachusetts; Manchester, New Hampshire; Hartford and Stamford, Connecticut; and Portland, Maine. To find out more about Cushman & Wakefield, please call 617.330.6966.