News: Brokerage

Ann and John MacAffer of CBRE-Albany negotiate 3,751 s/f; CRESA reps, medical tenant; Ellsworth Partners is landlord

According to Ann MacAffer, CCIM and John MacAffer of CBRE-Albany, Myrtle Street Obstetrics and Gynecology, P.C. has leased 3,751 s/f at Ellsworth Commons on Rte. 9. This will be a satellite office for Myrtle Street Obstetrics and Gynecology who also has an office in downtown Saratoga Springs. CBRE-Albany represented the landlord, Ellsworth Partners, LLC and CRESA represented the tenant in this transaction. Ellsworth Commons is a four building mixed-use development with 68,000 s/f of office/retail space and 312 apartments/lofts. Myrtle Street Obstetrics and Gynecology joins DNSE Electronics and Albany Partners bringing the current occupied space to 11,000 s/f. CBRE |Albany is an affiliate office of CBRE. CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2010 revenue). The company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.
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CBRE leases 9,527 s/f to Cypress Creek Renewables at 530 Fifth Ave.

Manhattan, NY In a transaction arranged by CBRE, Cypress Creek Renewables, a solar and energy storage developer and independent power producer, has inked a 9,527 s/f office lease at 530 Fifth Ave. The firm will occupy part of the 17th floor
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