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Brokerage
Posted: September 6, 2016
Black of Horvath & Tremblay brokers $675,000 sale of M&T Bank
3640 James Street - Syracuse, NYSyracuse, NY Jeremy Black of Horvath & Tremblay has brokered the sale of a free standing M&T Bank. Horvath & Tremblay represented the seller and procured the buyer to close the sale at a price of $675,000. The broker of record for the transaction was LLD Enterprises, LLC.
Horvath & Tremblay" width="125" height="160" /> Jeremy Black, Horvath & TremblayM&T Bank fully occupies the 2,500 s/f building located at 3640 James St. This is a well-established M&T Bank branch location as they have operated at this site since 1977. M&T Bank has demonstrated commitment to this location executing a lease extension through November of 2017 which includes one additional five-year renewal option. The property benefits from its visible location with frontage along James St. in the Eastwood neighborhood.
This densely populated area boasts a population base of over 191,000 within a five-mile radius. Located close to M&T Bank are national tenants including Friendly’s, Wegmans, Walgreens, Wendy’s, Dollar General, Papa John’s and Dunkin’ Donuts.
M&T Bank Corp. had $123 billion in assets as of December 31, 2015 and is one of the 20 largest commercial bank holding companies in the U.S.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.
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