News: Brokerage

CBRE | Syracuse secures $724,500 and leases 26,978 s/f; includes $395,000 sale by Dowd and Kiesa

Syracuse, NY Michael Finn, managing partner of CBRE | Syracuse, completed the following sales totaling $724,500 and 26,978 s/f in leases: • Larry Van Der Bogart, of CBRE | Syracuse, with Michael McCall, of CBRE | Stamford, CT, represented the tenant, The Triad Group, LLC, in the lease of 4,500 s/f of office space at 6390 Fly Rd., East Syracuse. The Triad Group, which provides workers compensation and disability claims management, relocated from Jamesville for the larger space at Fly Rd. • Marty Dowd and Ed Kiesa, CCIM, represented the buyer, Regina Reng in the $395,000 sale of 6875 E. Genesee St., DeWitt (Lyndon). The 3,428 s/f office/retail building will open as a hair salon and massage studio, specializing in foot massages. • Mark Rupprecht, CCIM, represented the tenant, Ryder Integrated Logistics, in the lease of 6,000 s/f of warehouse space at 209 Wavel St., Syracuse. This will be the location of a new client for Ryder, a logistics, transportation and shipment management company. • Van Der Bogart exclusively brokered the $192,000 sale of 2836 Rte. 20 East, Cazenovia. The office building, formerly occupied by construction company Patriot Enterprises, was purchased by the Cazenovia Universal Truth Association Inc., a not-for-profit Masonic organization. • Van Der Bogart exclusively brokered the lease of 5,200 s/f of office space at 6250 South Bay Rd., Cicero. EJ Group Inc., which leased the space for its sales and telecommunications office, provides water and sewer drainage solutions including frames, grates and manhole covers. • Rick Searles represented the tenant, Synergy Athletics, in the lease of 4,500 s/f of warehouse space at 535 Vestal Pkwy. West, Vestal. Synergy Athletics will use the space for a second fitness facility location. Exit Realty represented the landlord. • Searles represented the landlord, Scarano Properties, and the tenant, Safelite AutoGlass, in the lease renewal of 3,000 s/f of retail space at 313 Vestal Pkwy. East, Vestal. Safelite provides automotive windshield repair and replacement services. • Ed Kiesa, CCIM, represented the tenant, his long-term client Empower Federal Credit Union, in the $137,500 sale of 106 Hunt Ave., Fairmount. Empower purchased the residential property adjacent to its Fairmount branch to expand parking to meet growing customer demand. • Searles exclusively brokered the lease of 2,000 s/f of plaza space at 589 Harry L Dr., Johnson City. The tenant is Empire State Health Solutions, the area’s first and only approved medical marijuana dispensary. • Rupprecht, with Amy Perlman, of CBRE | New England, represented Verizon/Cellco Partnership in the lease of 1,778 s/f of office space at 1116 Commerce Park Dr., Watertown. Pyramid Brokerage Company represented the landlord. Cellco, a provider of wireless telecommunication services, relocated its sales/administrative office from another building in Watertown.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent