New Orleans: Sold: The Biggest Warehouse

In New Orleans, Cushman & Wakefield has brokered the sale of what is believed to be the largest warehouse in New Orleans. The price was $15.5 million.

With occupancy of 96 percent, the 1420 Sams Avenue building is a 358,060-square-foot distribution building in New Orleans’ Elmwood Business Park.

The seller, Columbis Nova, was represented by Cushman & Wakefield’s Mike David, Michael Lerner and Rick Brugge.