News: Brokerage

CBRE/Syracuse arrange $789,000 in sales and 23,414 s/f in leases

According to Michael Finn, managing partner of CB Richard Ellis/Syracuse, LLC, the firm recently completed two sales totaling $789,000 and two leases totaling 23,414 s/f. The transactions include the following: * Robert Nelson and Alan Gramet, CCIM, of CBRE exclusively brokered the $450,000 sale of a warehouse at 22495 Fisher Rd., Watertown. Black River Industries previously occupied the 9,600 s/f building, which is located in the Jefferson County Industrial Park. Empire Management, of DeWitt, purchased the building and will be offering it for lease in January 2008. * Larry Van Der Bogart of CBRE exclusively brokered the $339,000 sale of 1216 Tulip St., Liverpool. The 6,000 s/f building will be renovated into Tawn Marie's Dance Centre, which is relocating from Henry Clay Blvd. * Bill Anninos of CBRE exclusively represented Siemens Building Technologies in the lease renewal and expansion of 14,400 s/f of office space at 6075 E. Molloy Rd. Siemens Building Technologies is a provider of energy and environmental solutions, building control, fire safety and security system solutions. * Finn exclusively brokered the lease of a new Dollar General store constructed at Lake Hills Plaza in Horseheads. The 9,014 s/f store was built on a pad site, and recently opened for business. Dollar General, formerly traded on the New York Stock Exchange, is anticipated to be a catalyst for drawing more tenants to Lake Hills Plaza, which is anchored by a P&C food store.
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