CBRE|Syracuse completes seven sales totaling $8.075 million and three leases totaling over 10,600 s/f

Syracuse, NY According to Michael Finn, managing partner of CBRE|Syracuse, the firm completed the following commercial real estate transactions:

CBRE|Syracuse represented the tenant, Visionworks, in five retail spaces. Visionworks is a division of VSP Vision Care (VSP), which is a vision care health insurance company operating in Australia, Canada, Ireland, the U.S. and the U.K. Ed Kiesa represented Visionworks in the following:

• 4,480 s/f at 333 Grant Ave. in Auburn sold for $1.4 million;
• 4,480 s/f at 3518 State Rte. 281 in Cortland sold for $1.35 million;
• 5,205 s/f at 115 Rochester St. in Fulton sold for $875,000;
• 3,946 s/f at 817 Canandaigua Rd. in Geneva sold for $850,000; and
• 4,024 s/f at 560 Troy-Schenectady Rd. in Latham sold for $1.6 million.

CBRE|Syracuse represented the tenant, Spectrum, in one retail lease. Spectrum’s parent company, Charter Communications, has launched Spectrum Mobile, a wireless phone service which combines the wireless network with the cable/Internet company’s WiFi hotspots. Bill Anninos, and Kiesa represented Spectrum in the 4,000 s/f lease at Cicero Commons, 7991 Brewerton Rd., Cicero.

Donald French exclusively represented the landlord in the sale of a 26,500 s/f, single tenant flex building at 19 Corporate Circle in East Syracuse. The property is located off East Molloy Rd., near NYS Thruway and I-481. The flex building was purchased by Centolella Development, LLC for $1.3 million.

French and Kiesa leased a 6,600 s/f single-tenant flex space on 6359 Collamer Dr. in East Syracuse. The property was re-developed by Thresh Enterprises and the building renovated to class A standards. The property was leased to Pioneer Technologies, Inc.

Van Der Bogart and Brynn Lockyer, of CBRE|Boston renewed the industrial building lease at 22530 Fisher Rd. in Watertown. The current tenant is the Federal Express Corp. Shipping Center (FedEx).

Kiesa and Karen La Cannata-Larocca, of Sutton Real Estate sold a 4,370 s/f medical office space at 1816 Erie Blvd. East in East Syracuse. The property sold for $600,000, and was purchased by Syracuse Cooperative FCU.