News: Brokerage

Blake and Sena of Cushman & Wakefield/Pyramid Brokerage Co. broker 63,800 s/f industrial lease

Guy Blake, CCIM, and Nick Sena of Cushman & Wakefield/Pyramid Brokerage Co.'s Hudson Valley office recently brokered the lease of 63,800 s/f of industrial space at 45 Turner Dr. for a distribution center. Blake and Sena represented the owner, The Frassetto Cos., while the tenant, Sunwize Technologies, was represented by San José-based Cresa Partners and Albany-based Conley Associates. "It's a great building for SunWize," said Blake. "It is one of very few in the area that has the s/f and ceiling heights they needed." The 166,700 s/f building is now fully leased to a variety of industrial tenants, including Safelite Auto Glass, Southern Wine and Spirits (also brokered by Pyramid), and Piller, a manufacturer of mission critical power solutions. SunWize Technologies, a Kingston based solar design and manufacturing firm, produces solar power systems for residential, commercial, and industrial applications, and also provides solar energy design services. Last year, SunWize received the Solar Leadership Award at the 2010 New York Solar Industries Conference and continues to make huge strides in the renewable energy arena. They are currently installing the industry's largest solar carport application of 4.45 megawatts of photovoltaic solar production, making use of more than 18,000 solar panels. Cushman & Wakefield / Pyramid Brokerage Company's Hudson Valley office is located at 356 Meadow Ave., Newburgh.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking