News: Brokerage

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.
MORE FROM Brokerage

Residential real estate consultancy and brokerage firm Nancy Packes, Inc. rebrands as NPI

Manhattan, NY The NYC-based premier residential real estate consultancy and brokerage firm, Nancy Packes Inc., has rebranded as NPI. Helmed by Seth Rosner, most recently the firm’s managing partner and now president, the company has been intricately involved in hundreds of Tri-State new developments and conversions, spearheading the full project life cycle, from assessment/pre-dev.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
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.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of