Ciminelli Real Estate leases 80,000 s/f facility at 475 Cayuga Rd. to Dunn Tire
Ciminelli Real Estate Corporation completed a deal with Dunn Tire to relocate and expand their headquarters and main distribution facility to Airport Commerce Park at 475 Cayuga Rd. Dunn Tire distributes automobile and light to medium truck tires, as well as custom wheels and other specialty automotive products, to a network of over 2,500 automotive retailers in the region.
The 80,000 s/f facility, which will employ a number of area residents, is a large scale expansion for Dunn Tire. The move will be a catalyst for their wholesale expansion, while allowing significant improvements and efficiencies in customer service to retail and wholesale outlets throughout upstate New York and western Pennsylvania.
"We are extremely pleased that Dunn Tire has chosen to locate their headquarters at Airport Commerce Park," said Robert McDonnell, VP of Ciminelli, the leasing agent for the Cayuga Rd. business park, "Being able to accommodate their sizeable expansion was, of course, critical, but another necessity was for them to be centrally located. This site is ideal for them, and western New York should be very proud that Dunn opted to keep their operations based here, when there were clearly other options."
The interior construction work being performed by Ciminelli Development Company, Inc. at 475 Cayuga Rd. is incorporating sustainable design elements and "Green" building practices targeting a silver USGBC LEED Certification that will result in a highly efficient facility including reductions in energy and water consumption while providing the best possible interior environment for our employees, all with minimal impact to the environment. Pursuing USGBC LEED certification will verify the project's sustainable design.
Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
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
Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
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
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.