Cushman & Wakefield has recently facilitated the sale-leaseback of a 92,876-square-foot building in Montego Bay, Jamaica for Cimpress plc. The property, situated on 6.58 acres and featuring amenities such as a football field and paved parking, was sold for $18 million.
The transaction was handled by Kevin McNamara and Michael O’Leary of Cushman & Wakefield along with Christopher Mark Harris from Property Consultants Limited. The buyer is Active Traders Limited.
This deal allows Cimpress to optimize its presence in Jamaica while maintaining flexibility through remote work options. Located within Barnett Tech Park – one of the largest office complexes in Jamaica spanning over 315,000 square feet – this leaseback arrangement will enable them to continue operating effectively within the market.
Overall, this recent sale-leaseback arranged by Cushman & Wakefield showcases their expertise in facilitating successful real estate transactions globally without compromising on quality or value for their clients.
